In one of the most complex and convoluted deal done on Wall Street in quiet a while, Student Loan Corporation, which originates and services student loans and is a subsidiary of Citibank, will be sold.
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In an incident that raises the ugly specter of fraud with the new group buying genre, popular site Groupon was apparently fooled by a fake photographer offering a photo shoot deal to more clients than she could possibly accommo…
Russia will buy 50 new Boeing (BA) 737 Next Generation airliners in a deal worth $3.7 billion.
Russian Technologies, a state-owned company that manages the government’s stakes in 12 regional airlines, will buy the aircraft, The Associated Press said….
Citigroup (C) plans to sell its student-lending unit Student Loan Corp. to a consortium including Sallie Mae as early as today, The New York Post reported.
Citigroup owns 80% of the company, with another 20% being publicly traded. It is the country’s second-largest student lender, after Sallie Mae.
The deal could see Sallie Mae and another company offer as much as $600 million to…
Continue reading Citigroup May Sell Student Loan Corp. to Sallie Mae Consortium
Citigroup May Sell Student Loan Corp. to Sallie Mae Consortium originally appeared on DailyFinance on Fri, 17 Sep 2010 08:45:00.
Filed Under: Company News, Economy, Investing, Citigroup, Taxes, Credit
Still in hot water over its “phantom recall” of a Motrin product, Johnson & Johnson looks to expand its share of the vaccine market with purchase of Dutch pharma company Crucell.
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