Citigroup's Trojan Horse

The inside story on how Citigroup got Koram Bank and how it promises to revolutionise the Korean banking sector

When the Carlyle consortium initially bought its controlling 40.5% stake in Koram Bank in October 2000, it had been codenamed 'Project Goldfinger', after the James Bond movie.

Carlyle's Asian boss, Michael Kim had confessed that they named all of their projects after James Bond movies. So which Bond codename was used for the $2.7 billion sale of Koram to Citigroup

Actually, we ran out of James Bond film titles to use, says...

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