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BUSINESS BEAT: As Citi grabs $20 bln US bailout, officials say Egypt operations unaffected

dailystaregypt.com - CAIRO: When it was announced this fall that venerable investment bank Lehman Brothers was going under, the parlor games began. Many wondered who would be next.Citi was an oft-discussed name but most experts contended that Citi was too much a behemoth to ever sink. Then last week rolled around, and doubts were renewed. Citi's stock took a pummeling and many wondered whether the banking giant would survive.But this week, as it has done with several other firms since the summer, the US Federal...» view full story
Story located in: africa » egypt
Submitted By: Lara
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