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Article: Israel: Israeli banks exposure to Citigroup: $500-600m.
- Article from:
- TendersInfo
- Article date:
- November 24, 2008
CopyrightCOPYRIGHT 2008 Al Bawaba (Middle East) Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: sander03
The aggregate exposure of Israels banks to Citigroup Inc. is $500-600 million, after the banks drastically reduced their exposure in recent weeks. In addition, Israeli Exchange Traded Funds (ETFs) have an aggregate exposure of around $600 million to Citigroup.
Citigroups share fell 50% last week, including 20% on Friday to just $3.77, giving a market cap of $20 billion. The share has lost nearly 90% from its 52-week high of $35.30.
Past notices to the Tel Aviv Stock Exchange ...