Tag Archives: Citibank
Brazil to Bail Out Citibank Posted by Rachel on Jun 23, 2009
At a press conference in Sao Paulo this week, Citibank CEO Vikram Pandit announced that the bank is putting its hopes on developing economies like Brazil to boost the company after billion dollar losses. After the credit crisis in the United States, Citibank hopes economies like Brazil’s will provide much needed growth. Brazil has the…