Excerpt from: Individual Equities CFDs and Spread Bets
|
 |
| January 16, 2009 | | Spread bets and CFDs on individual equities | Right now, Citi is in trouble. But, in order to help shore up the balance sheet, the company has presented a plan to split itself into two different companies.
The news, coupled with the fact that Bank of America is set to receive bailout funds, is giving the U.S. stock market a bit of a boost. CNN Money reports on the Citi division:
Under the new arrangement, Citigroup would split into two units:
Citicorp and Citi Holdings. Citicorp would house, among other things,
the company's private and investment bank as well as its credit card
and consumer banking business. Citi Holdings would incorporate
its so-called non-core businesses, including its Smith Barney brokerage
and a pool of troubled assets that have plagued the firm for more than
a year. | Topic Tags: CFDs, Citi plan, spread bets, spread bets individual equities, spread betting, U.S. stock market | |
|
|
