Citigroup unloads $15 billion worth of SIV funds

12/11/2007 | Financial Times (free content)

Citigroup has managed to offload more than $15 billion worth of assets from its struggling SIVs through low-profile deals with junior investors, sources say. Other banks -- including HSBC, Standard Chartered, Rabobank and Société Générale -- have all resorted to bailing out their investment vehicles.

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