After Getting the Largest Bailout in U.S. History in 2008, 85.5 Percent of the $1.34 Trillion in Deposits at Citigroup’s Citibank Lack FDIC Insurance Today
newsare.net
Citigroup’s Citibank, the bank that blew itself up in 2008 and received the largest taxpayer and Fed bailout in global banking history, indicates in its call report for June 30 that 85.5 percent of its $1.338 trillion in total deposits are uninsured. The
After Getting the Largest Bailout in U.S. History in 2008, 85.5 Percent of the $1.34 Trillion in Deposits at Citigroup’s Citibank Lack FDIC Insurance Today
Citigroup’s Citibank, the bank that blew itself up in 2008 and received the largest taxpayer and Fed bailout in global banking history, indicates in its call report for June 30 that 85.5 percent of its $1.338 trillion in total deposits are uninsured. The breakdown is as follows: It has $548.33 billion in uninsured deposits in its domestic offices plus $595.4 billion in deposits in foreign offices. (The FDIC does not insure deposits on foreign soil.) Those two figures tally up to $1.144 trillion in deposits lacking FDIC insurance out of a total deposit base of $1.338 trillion. Read more
