Escape From Citigroup
Forbes - Thu Dec 10, 4:07 pm ETCan the U.S. collect its paper gain on Citigroup shares?
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Can the U.S. collect its paper gain on Citigroup shares?
Citigroup Inc is talking with the U.S. government about paying back its bailout money, but it is not clear whether a deal is imminent, a person familiar with the matter said on Thursday.
Citigroup Inc is talking to the U.S. government about paying back its bailout money, but it is not clear if a deal is imminent, a person familiar with the matter said on Thursday.
Citigroup Inc is planning to sell roughly $15 billion of common shares to help repay funds borrowed under the Troubled Asset Relief Program, people briefed on the matter said on Thursday.
Persuading the government that it can stand on its own would be a milestone in the nation’s financial recovery. But it is not clear that Citi will be able to do so.
Citigroup Inc's negotiations to repay its government bailout money might not be resolved until after the holidays, CNBC said on Thursday, citing a U.S. Treasury official.
Twelve major banks, including Citigroup Inc , Goldman Sachs Group Inc and JPMorgan Chase & Co , will participate in a White House meeting with President Barack Obama on Monday, an administration official said on Thursday.
Citigroup Inc's negotiations to exit TARP are uncertain, but headed in the right direction, a Treasury official told television network CNBC.
Citigroup Inc's negotiations to exit TARP are uncertain, but headed in the right direction, a U.S. Treasury official told television network CNBC.
Citigroup shares ended flat Thursday as the company and the government reportedly worked on a deal to allow the bank to exit TARP.
Short interest rose in Bank of America, Bank of New York Mellon and Citigroup rose considerably in the second half of November, according to a report.
According to multiple reports, Citigroup is moving closer to selling common stock to raise funds and follow Bank of America's lead by paying off its bailout tab.
Citigroup Inc 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.
"Bank of America’s capital raise triggered it on our end...we've been negotiating throughout the week and will continue to do so," a Citi executive says.
Dec. 10 (Bloomberg) -- When Bank of America Corp. Chief Executive Officer Kenneth D. Lewis announced plans to pay back the government on Dec. 2, Citigroup Inc. CEO Vikram Pandit took the surprising news as a wake-up call.
Dec. 10 (Bloomberg) -- Executives from 12 banks, including Citigroup Inc., Goldman Sachs Group Inc. and JPMorgan Chase & Co., will participate in a Dec. 14 White House meeting with President Barack Obama to discuss his proposals to boost small- business lending and overhaul industry regulations, an administration official said.