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Analysts: Poor timing in government's Citi sale
WASHINGTON - Everything was set: The government would begin selling its stake in Citigroup, and the bank would sell new stock and pay back bailout money. Both sides could untangle a relationship that neither saw as ideal.
Activities:Citigroup Crisis Source:(AP)
2009-12-17
Citigroup: US government delaying sale of stake
WASHINGTON (AFP) - The US government is delaying the sale of its stake in banking giant Citigroup as the company faced weak demand for a share offering to finance the deal, the firm has said.
Activities:Citigroup Crisis Source:(AFP)
2009-12-16
Citigroup to repay $20 billion in bailout money
NEW YORK - Citigroup Inc. said Monday it is repaying $20 billion in bailout money it received from the Treasury Department, in an effort to reduce government influence over the banking giant. The government will also sell its stake in the company.
Nations:U.S. People:Barack Obama Activities:Citigroup Crisis Source:(AP)
2009-12-14
Citi could sell $20 billion of shares soon: report
NEW YORK (Reuters) - Citigroup Inc (C.N) plans to pay back TARP by raising money in an equity offering that could be announced as early as Thursday and could be some $20 billion, television network CNBC reported, citing sources.
People:David Paterson Activities:Citigroup Crisis
2009-12-09
U.S. looking at selling Citi shares: report
NEW YORK (Reuters) - The Treasury Department is talking to Citigroup Inc (C.N) about how to sell the roughly one-third stake the government acquired as part of its bailout of the bank, Bloomberg reported, citing people familiar with the matter.
Activities:Citigroup Crisis 2008 U.S. Financial Rescue Source:(Reuters)
2009-09-14
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