From the FINANCIAL TIMES:
The US Treasury said on Monday that it would sell its 7.7bn of Citigroup shares, in a move that would allow it to pull back its support of the bank…
Citi has so far repaid $20bn in bail-out funds and paid $3bn in dividends to the government and $5.3bn in premiums on the asset guarantee programme…
Shares of Citi rose by 1.86 per cent to $4.39 in pre-market trading on Monday but fell back in regular dealings to stand 8 cents lower at $4.20. When the government acquired its stake in the bank, the shares were trading at $3.25.
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