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China May Scuttle $2B Citigroup Bailout

Sources say China's government is standing in the way of the deal

By Jim O'Neill, Newser User

Posted Jan 14, 2008 7:28 AM CST

(Newser) – On the eve of Citigroup’s fourth-quarter earnings announcement, the Chinese government appears to have raised objections to China Development Bank's purchase of a $2 billion stake in the struggling financial giant, reports the Wall Street Journal. The proposed deal, reported by the Journal over... Read full story »

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China May Scuttle $2B Citigroup Bailout

Sources say China's government is standing in the way of the deal

China • Citigroup • subprime mortgages • China Development Bank • financial crisis

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