Wall Street Manna
An irreverent look at Wall Street
Thursday, January 10, 2008
More Cash for Citigroup and Merrill
Citigroup is looking to get $10 billion by Monday, and Merrill Lynch wants $4 billion from Middle East investors and sovereign funds. And Citigroup, who claimed their dividend was safe, will now cut it.
As Meredith Whitney of CIBC first predicted.
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