Top 10 News Items 12/14-12/18: Citi Stumbles to Repay TARP, Abu ...

Courtesy StreetInsider.com News Articles  Fri, 12/18/2009 - 15:24

Here is a recap of the top news items from this week on Wall Street: 1. Following in the footsteps of BofA's move earlier this month, Citigroup (NYSE: C) finally announced a plan to repay its borrowed TARP funds this week.

In order to pay back taxpayers, the firm needed to sell $17 billion in an equity offering, and also have the US Treasury sell a $5 billion chunk of its holdings.

However, demand for the offering was somewhat weak...

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