(Reuters) - Merrill Lynch and creditors including JPMorgan Chase & Co.
and Citigroup met to discuss the matter on
Monday, CNBC said, and worked out a plan that would include an
infusion of about $500 million in capital into the fund by a
group of firms led by Citigroup.
Bear Stearns, which does not have much exposure to the
fund, would also step in and invest about $1.5 billion of its
own money, CNBC said.
Read more at Reuters.com Bonds News
and Citigroup met to discuss the matter on
Monday, CNBC said, and worked out a plan that would include an
infusion of about $500 million in capital into the fund by a
group of firms led by Citigroup.
Bear Stearns, which does not have much exposure to the
fund, would also step in and invest about $1.5 billion of its
own money, CNBC said.
Read more at Reuters.com Bonds News
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