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Citigroup

Citi revived but its ills are not cured

By Peter Thal Larsen and Adrian Cox

Published: November 24 2008 19:36 | Last updated: November 24 2008 19:36

Ever since the Swiss state bailed out UBS last month, executives of the banking group have touted the plan as a blueprint for other governments seeking to rescue their troubled banks.

At first glance, the US government has taken a similar approach in recapitalising Citigroup. However, there are some important differences between the two plans that raise the question – does the government’s move mark a definitive end to the US bank’s problems?

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