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# Is EMI In Deep Financial Trouble?
- URL: https://www.hypebot.com/is-emi-in-deep-fiancial-trouble/
- Published: 2009-07-16T07:06:52.000Z
- Updated: 2009-07-16T07:06:52.000Z
- Description: FACT: CitiBank holds the bulk of EMI's £2.5BN debt FACT: EMI owner Terra Firma wants a $500 million write-off from Citi before it pumps another £300 million in much needed. Continue reading [https://www.hypebot.com/hypebot/2009/07/is-emi-in-deep-fiancial-trouble.html]
- Author: Bruce Houghton
- Tags: Major Labels, #wp, #wp-post, #Import 2026-01-21 11:03

- **FACT:** CitiBank holds the bulk of EMI's £2.5BN debt
- **FACT:** EMI owner Terra Firma wants a $500 million write-off from Citi before it pumps another £300 million in much needed cash into the label group.
- FACT: With quarterly reports due soon, Citi is expected to show itself to be in [the weakest position](http://online.wsj.com/article/SB124769725659547859.html?mod=googlenews%5Fwsj&ref=hypebot.com) of all major banks causing [tighter scrutiny](http://www.reuters.com/article/ousiv/idUSTRE56E84O20090715?ref=hypebot.com) by regulators.

**[![EMI](http://hypebot.typepad.com/.a/6a00d83451b36c69e20115720d078b970b-100wi)](http://hypebot.typepad.com/.a/6a00d83451b36c69e20115720d078b970b-pi?ref=hypebot.com) Can a troubled bank under tight federal control (the U.S. government already owns more than 30%) just write of $500 million? Can it afford not to?**