Citigroup to Repay $20B in TARP Loans

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

By Kevin Spak, Newser Staff

Posted Dec 14, 2009 6:19 AM CST | Updated Dec 14, 2009 7:51 AM CST

(Newser) – Citigroup and the US government have reached a deal that will allow the bank to repay $20 billion in TARP loans, after weeks of wrangling over the bank's health. Citi will raise $20.5 billion, $17 billion of it in common stock, the company said... Read full story »

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Citigroup • Treasury Department • Vikram Pandit • bailout • financial crisis • Wall Street bailout • TARP • TARP repayment

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Citigroup to Repay $20B in TARP Loans

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

Citigroup • Treasury Department • Vikram Pandit • bailout • financial crisis • Wall Street bailout • TARP • TARP repayment

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Compensation limits have prompted swift TARP repayment

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Fed, Treasury want banks to raise more capital first

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