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Citi settlement

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#1 Felijo


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Posted 07 August 2008 - 08:36 PM

NEW YORK (CNNMoney.com) -- If Citigroup contacts you about a bond-like investment you made some time ago, don't ignore it. You could benefit from an unusual settlement that will allow you to get back 100% of your investment's value.

Citigroup announced Thursday that by Nov. 5 it would buy back so-called auction-rate securities from individual investors, charities and businesses with assets of $10 million or less.

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#2 blaneco



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Posted 07 August 2008 - 08:57 PM

it's expected to have minimal impact, from the same source:

another story