We have updated our Terms of Use.
Please read our new Privacy Statement before continuing.

Better than it looks

9 April 2007 By Martin Hutchinson

The US bank is spending $426m on Bank of Overseas Chinese, even though it’s been losing money. But BOOC s losses are somewhat misleading. Adjust the bank s figures to account for tax losses and previous writeoffs and Citi may have got its hands on a good deal.

This content is for Subscribers only


Email a friend

Please complete the form below.

Required fields *


(Separate multiple email addresses with commas)