Citi Financial Group will Repay $20 billion bailout money.

Citi Group will repay the government it’s share of the $700 billion bailout from last year. Citi Group received the largest share of all the banks during the crisis. The company will sell a large portion of it’s stock to cover the the hefty loan.The repayment will free the bank from all the restrictions place on every bank that got a share of the loan.

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Posted by J.Scott on Dec 14th, 2009 and filed under News. You can follow any responses to this entry through the RSS 2.0. You can skip to the end and leave a response. Pinging is currently not allowed.

1 Response for “Citi Financial Group will Repay $20 billion bailout money.”

  1. Excellent article. I appreciate you for posting it. Keep up the good work.

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