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Citigroup On a Buying Spree
Posted by Stock Online Trader on March 10, 2007 in Finance Sector
Citigroup (C) bought the largest online bank in the world, Egg Banking at $ 1.13 billion. Citi got in return 3 million credit card customer and $ 18.6 billion in assets. Citi’s total asset stands at $1.8 trillion. So did Citigroup get a great deal ? In 2004, Bank of America (BAC) paid $48 billion [...]