Is Citigroup's TARP Repayment Good for the Bank?
Time Magazine - Tue Dec 15, 3:56 am ETCitigroup's move to pay back the emergency money it received from the government is unlikely to stoke confidence in the bank among investors
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Citigroup's move to pay back the emergency money it received from the government is unlikely to stoke confidence in the bank among investors
Monday's early headlines include Citigroup's plans to repay $20 billion in government aid and Visa's inclusion on the S&P 500.
Futures are rising on news of Citigroup' TARP repayment plan and easing Dubai concerns.
NEW YORK (AP) -- A private equity firm that paid billions of dollars for the struggling music company EMI has filed a lawsuit against Citigroup in an attempt to reclaim some of its investment.
FILE - In this April 16, 2009 file photo, a sign at the Citigroup Center is shown in New York. Citigroup Inc. said Monday Dec. 14, 2009 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. (AP Photo/Mark Lennihan, file)
NEW YORK (AP) - Citigroup reported Monday it is repaying $20 billion in public bailout money, freeing the banking giant from the close scrutiny and pa....
Dec. 15 (Bloomberg) -- The U.S. banking industry moved out of intensive care when Citigroup Inc. and Wells Fargo & Co. said yesterday they will repay their bailout funds. Treasury Secretary Timothy Geithner still can’t claim the patient is healthy.
Repaying the loans given them under the Troubled Asset Relief Program will free them from close regulatory scrutiny. The announcements marked the latest step toward recovery for the U.S. financial system.
Citigroup is nearing a deal with the U.S. government to begin repaying some of the billions in bailout aid it has received, according to a published report.
Wells Fargo and Citigroup will repay the public bailout money, freeing them from the close scrutiny and pay restrictions that came with the rescue program.
Dec. 14 (Bloomberg) -- Citigroup Inc. reached an accord with the Treasury Department and regulators to repay $20 billion of bailout funds. Citigroup will sell $20.5 billion of capital and debt, the New York-based bank said in a statement today.
Citigroup is nearing a deal with the U.S. government that would allow it to pay back some of its bailout money, The Wall Street Journal reported on Sunday, citing people familiar with the matter.
Citigroup to repay $20 billion bailoutNEW YORK — Citigroup said Monday it is repaying $20 billion in public bailout money, freeing the banking giant from the close scrutiny and pay restrictions that came with the rescue program. The government also will sell its one-third stake in the company.Paying back the government gives an immediate lift to Citigroup ’s reputation and will save the bank $1 ...
Dec. 14 (Bloomberg) -- Citigroup Inc. is nearing an accord with the Treasury Department and regulators that would let the bank repay its $20 billion of bailout funds and escape government pay limits, people familiar with the matter said.
Citi Reaches Deal To Repay $20 Billion Of Aid
Citi said to be near plan to repay federal bailout money, escape executive pay limits