Report: Citigroup plans to pare US stake

Courtesy Newsvine - business  Mon, 09/14/2009 - 20:28

Citigroup is considering a plan in which the Treasury Department would sell part of its holdings in the bank, while the New York-based company would issue new shares to the public as part of a multibillion-dollar stock offering, The Wall Street Journal said, citing people familiar with the matter.


 

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