Friday, August 8, 2008

Citigroup to buy back 7.5 bln dlrs of tainted securities

A pedestrian walks by a Citibank office in July 2008 in San Francisco, California. Troubled US banking giant Citigroup has agreed to buy back 7.5 billion dollars' worth of tainted securities it marketed to tens of thousands of investors, US regulators announced Thursday.(AFP/Getty Images/File/Justin Sullivan)
AFP - Thu Aug 7, 5:03 PM ET

WASHINGTON (AFP) - Troubled US banking giant Citigroup has agreed to buy back 7.5 billion dollars' worth of tainted securities it marketed to tens of thousands of investors, US regulators announced Thursday.

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