Citibank … every Quarter a new investor?

How many times will they be able to repeat that?

Every quarter a new investor … OMG

This time, the FT reports, it will be 14(!!!) bln$ fresh money and the estimates for the write offs are skyrocketing … up to 20bln$ is the guess as it is up to 15bln$ for Merill.

Citibank, they say, will receive 9bln$ from China (banks and Govt. Funds rumoured), 1bln from Kuwait (who are said to are in the process to spread some money over the sector now) and 2 to 4 bln$ as a public offering. Other investors could participate as well.

I can only hope, that this time … as Merill and Citi have new CEO’s … they clean their sheets from the subprime mess

This could lead to a big recovery in the sector and could bring confidence back.

Tags: China, Citibank, Kuwait, Merill Lynch, subprime

This entry was posted on Samstag, Januar 12th, 2008 at 20:47 and is filed under FDAX. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.