The problem, as many pundits are pointing out, is that Phibro is a profitable business, and Citi needs funds to repay a $45 billion government bailout. Like so many asset sales put together by institutions on the government drip — AIG
According to FBN, Andrew Hall - the head of Citigroup's (NYSE:C) highly profitable Phibro commodity trading unit - may pull the entire energy trading arm of.
Oil Producer to Buy Citi's Phibro Unit - DealBook Blog - NYTimes.com
Posted by lw | 1:34 AM | 0 comments »
Subscribe to:
Post Comments (Atom)
0 comments
Post a Comment