Citi CFO says an SIV support plan would be helpful

By Staff
|
Google Oneindia News

NEW YORK, Oct 15 (Reuters) Citigroup Inc Chief Financial Officer Gary Crittenden said on Monday a plan by banks to shore up structured investment vehicles, or SIVs, could provide reassurance for investors.

He said the concept is a good one for the debt markets.

''It would be helpful to have other liquidity alternatives for SIVs that are managed in the UK,'' Crittenden said in a conference call with analysts.

(Reporting by Joseph A. Giannone) REUTERS SI PM2020

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