TITLE

Quiet Treasury Freezes Citi

PUB. DATE
December 2009
SOURCE
American Banker;12/7/2009, Vol. 174 Issue 217, p2
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The author reports that the U.S. Treasury Department has refused to give up its 34 percent stake in Citigroup, Inc. and that is hindering the banker's plan to repay 20 billion dollars of bailout funds. Also, investors could be reluctant to purchase Citigroup shares since a Treasury sale could reduce the price.
ACCESSION #
45665578

 

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