BUSINESS

Citibank: Denmark Lending Stopped, Possible Sign Of Impending Bankruptcy

03/23/2009 05:12 am ET | Updated May 25, 2011

This comes from the Danish daily Berlingske Tidene. It suggests that Citibank is cutting back all international lending. Citigroup has sold its German operations to a French bank and I understand they are cutting credit lines in the UK as well. In seeing all these stories together, one gets a full view of the kind of cutbacks now ongoing at troubled banks like Citigroup.

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