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A year after accepting two taxpayer bailouts, Citigroup is racing to raise billions of dollars in the stock market to repay the aid, a crucial step in freeing itself from Washington's grip.
Citigroup CEO Vikram Pandit is hoping to garner approval to return taxpayer dough it borrowed last year by the end of the week, sources told The Post. Pandit has been mounting a full-court press in recent days to get regulators including the US T...
LONDON (SHARECAST) - Citigroup is in advanced talks with regulators over plans to raise more than $15bn in an equity offering, in an effort to repay $20bn in bail-out funds as early as Thursday.
Citigroup seeks approval of the U.S. Treasury Department and regulators to repay the bailout money.
Sprint Upgraded To Buy Rating At Citi
3M Upgraded To Buy At Citi
Bank of America fully repaid the U.S. government the $45 billion in aid it took during the height of the financial crisis, the company said Wednesday.
Emirates airline said Thursday it plans to receive its sixth Airbus A380 "superjumbo" next week and another before year's end after lining up more than $1 billion in financing.
The Federal Reserve and Federal Deposit Insurance Corp. are taking a harder line than the Treasury Department on how much capital Citigroup should raise before it repays $20 billion of TARP funds, a report says.
Dec. 10 (Bloomberg) -- Law firm revenue in the U.S. will fall 5 to 10 percent this year even after demand increased in the third quarter, according to projections by Citi Private Bank.
The U.S. House of Representatives will debate on Thursday the most sweeping changes to financial regulation proposed since the Great Depression, including broad new government powers over large banks and tighter regulation of capital markets.
Dec. 10 (Bloomberg) -- The U.S. House will resume debate on legislation to toughen rules policing Wall Street today after lawmakers clashed over an industry-supported fund the government would use when unwinding failed systemically important firms.
Treasury's Timothy Geithner moved to extend the $700 billion bailout fund to October 2010 and pledged to deploy no more than $550 billion of it.
Dec. 8 (Bloomberg) -- Citigroup Inc.
Refusing to bash bankers and traders, the New York governor instead encouraged them to promote the role they would play in an economic rebound.
The U.S. House of Representatives approved a procedural rule on Wednesday that cleared the way for floor debate to begin on legislation that would give the government broad new powers over large financial firms and tighten bank and capital market regulation.
