Rescue plan News
US govt agrees to $306-b rescue plan for Citigroup
New York: The U.S. government agreed to a $306 billion rescue plan for Citigroup Inc, agreeing to shoulder some losses from toxic debt in the latest attempt to bolster a financial services industry in turmoil.
Citigroup's package may also prove a template for other banks that are expected to face growing losses as economies worldwide sink into recession.
Credit losses once concentrated in mortgages
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