Michael Price

Michael Price Talks Dividends and Citigroup

Michael Price is invited to a radio interview, he is asked how is he going to turn to see the group of banking shares he gets and how Citigroup will survive. He says that Citigroup is going to survive because the Government is going to walk through this period. Seventy billion dollars of new capital will come into the balance. The company takes the first forty billion losses and after that they only take ten percent of the losses. After that he talks about Citigroup, there are units that run very well, but also there are units that will be sold.

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