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How much cash does Citigroup have?
How much cash did Citigroup receive from the Fed?
http://bankimplode.com/blog/2009/05/07/citigroup/
How much cash did Citigroup have in 2008?
Cash raise $36 Bil?
TARP = $25 Bil + $20 Bil=$45 Bil
Loan Loss Reserves $6.1 Bil
What are Citigroups project loan losses for 2009?
http://bankimplode.com/blog/2009/05/07/citigroup/
How much cash did Citigroup have in 2008?
Cash raise $36 Bil?
TARP = $25 Bil + $20 Bil=$45 Bil
Loan Loss Reserves $6.1 Bil
What are Citigroups project loan losses for 2009?
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Best Answer Chosen by Asker
| June 30, 2009 01:02 AM |
On a consolidated basis ( all subsidiaries ) the number for currency, coin, cash and "due from banks" was $ 31,063,000,000
Currency and coin is self explanatory. Cash and "Due from banks" includes demand deposits and other amounts due from other banks. It does not include short term investments.
I know you would rather have it broken down but this is as fine a division as they report.
If you want to engage in a little light reading, see:
http://www.sec.gov/Archives/edgar/data/831001/000104746909005290/a2192899z10-q.htm
Source(s):
CitiGroup 10-Q filing with SEC as of 03/31/2009
| Asker's Rating: |
• 31 bil was less than the 36 bil, I found.
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I didn't check other dates.
$308 billion are guarantee by the FDIC. However, it is not clear how much of the projected $104 billion in losses will be paid by Citigroup. Citigroup does not have enough cash to pay for the total losses. Therefore, the guarantee will have to be used to cover the additional losses.
The FDIC will have too borrow money.
Citigroup will not have enough cash to cover the $104 billion. The FDIC will be forced to borrow from the US Treasury and cover Citigroup losses.
Currently, the FDIC wants to downgrade Citigroups credit worthiness, probably signally that big problems are on the horizon. A downgrade would force Citigroup to increase its available assets to cover future losses.
Unless the Market improves AIG is also warning that large losses in the derivatives and CDS market are likely. AIG support system is government funding.
Will Citigroup be forced to nationalize, at this point?