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Citigroup Wants to Repay Bailout, Cut Treasury Stake

By Kevin Spak, Newser Staff

Posted Sep 15, 2009 8:48 AM CDT

(Newser) – Citigroup is drawing up a plan to get out from under the government’s thumb, the Wall Street Journal reports. The bank called the Treasury over the weekend to say it was looking for ways to scale back the government’s investment, outlining a plan... Read full story »

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Citigroup Wants to Repay Bailout, Cut Treasury Stake

Citigroup • Treasury Department • bailout • Wall Street bailout

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More Newser Stories

Taxpayers Will Score $12B on Citigroup Bailout: Treasury

Government strikes deal to sell remaining 2.4B shares

Citigroup to Repay $20B in TARP Loans

Will issue $17B in common stock to meet capital requirements

Treasury to Sell Off $142B in Toxic Assets, Make Billions

'Notably improved' market means $15B-$20B profit for taxpayers

Bailout Tab Plummets; Companies Quick to Repay

Expected costs down from $250B to $89B in past year

Feds Look to Unload Citi Stake, Collect $8B

Dumping 27% stake would be 2nd-largest offering ever

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