Citigroup: FASB Change No Impact On Financial Statements

Date : 04/02/2009 @ 3:49PM
Source : Dow Jones News
Stock : Citigroup Inc. (C)
Quote : 4.2  -0.06 (-1.41%) @ 8:00PM
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Citigroup: FASB Change No Impact On Financial Statements

By Matthias Rieker

Of DOW JONES NEWSWIRES

NEW YORK -(Dow Jones)- Citigoup Inc. (C) said in a statement Thursday that it believes "that FASB's decisions today on fair value accounting (FSP FAS 157-e) will have no impact on Citigroup's financial statements or our existing practices for determining fair values."

-By Matthias Rieker, Dow Jones Newswires; 201-938-5936; matthias.rieker@dowjones.com

 
 

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