Citigroup SIV assets fall to $66B: report |
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Sat, 01 Dec 2007 00:42
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SAN FRANCISCO (Thomson Financial) - Assets in structured investment vehicles sponsored by Citigroup Inc. fell to $66 billion as of Nov. 30 from $83 billion at the end of September, according to a media report late Friday.Citigroup runs seven SIVs, according to a report on the Web site of the Wall Street Journal.In addition, Moody's Investors Service said it has lowered or is likely to cut the credit ratings on about $64.9 billion of SIVs sponsored by Citigroup, the report said.Shares of Citigroup closed the regular session up 3.1% at $33.30.Gabriel MadwaygmCOPYRIGHTCopyright Thomson Financial News Limited 2007. All rights reserved.The copying, republication or redistribution of Thomson Financial News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Financial News.
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