Patrick Kavanagh

explorations, thoughts, visions

Citi Pain Train

The WSJ has a quick financial breakdown of Citi’s current losses and liabilities. I think they are in for a pretty interesting ride in the next few days/week.

My favorite highlight:

“$800 million – The price that Citigroup paid to acquire Old Lane, Vikram Pandit’s hedge fund.

$165.2 million -What Vikram Pandit earned from the sale.

$202 million – [Writedown before closing the fund]“

This may also be of interest, since Citi probably isn’t the only bank that has stakes in SIV’s.
Citi ends SIV foray as last $17.4bn is returned

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