OTHER NEWS - Oct. 23, 1991
From Times Staff and Wire Reports
Salomon Gets Credit Offer: Two New York banks have offered to extend a large credit line to Salomon Bros. Inc., which has suffered impaired funding abilities because of a bond-bidding scandal, a Salomon official said. The offer, which Salomon has not yet accepted, was made by Citicorp and J. P. Morgan & Co., said the official, speaking on condition of anonymity. The Wall Street Journal reported the size of the offer at $2 billion. It would give Salomon more alternatives in financing daily operations.
