Citigroup and Merrill Lynch are rumored to be seeking even more foreign capital. According to The Wall Street Journal, Citigroup might be shopping for as much as $10 billion in additional funding, likely from the Middle East or Asia.
Likewise, Merrill is rumored to be looking for at least $3 billion from similar outlets.
Your skeptical editors can’t help but wonder… how deep are these sovereign wells? And when will they tire of bailing out Wall Street banks? What will happen to the credit markets when they do?
Likewise, Merrill is rumored to be looking for at least $3 billion from similar outlets.
Your skeptical editors can’t help but wonder… how deep are these sovereign wells? And when will they tire of bailing out Wall Street banks? What will happen to the credit markets when they do?
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