Summary
The global credit crunch is expected to claim another victim after the head of the world's largest bank, Citigroup, was said to be on brink of resigning.
Citi chief executive Charles Prince was in emergency meetings with the banking giant's board yesterday to measure the fallout from its exposure to losses from bad mortgage debts, accoridng to reports.See the full content of this document
Extract
Citigroup Chief Executive On Brink of Resigning
In October, Citi revealed around EUR6.5 billion (pounds 3.1 billion) in write-...
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