Citigroup to continue seeking acquisitions:

10/17/2008 | Financial Times (free content)

Citigroup Chief Financial Officer Gary Crittenden said the banking group intends to continue seeking acquisitions after recently exploring three possibilities. While discussing Citi's third-quarter loss of $2.8 billion, Crittenden addressed acquisitions -- including Citi's interest in Wachovia and Washington Mutual -- the company's focus and the government's $25 billion capital injection. "This represents in many ways something we had not counted on, something we hadn't planned on," he said, referring to the capital infusion. "It does present the possibility of taking advantage of opportunities that might otherwise be closed to us."

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