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.
Excellent article. I appreciate you for posting it. Keep up the good work.
This bank harrasses people to make payments, but when they could not meet their finacial obligations, they expected the same people who they harrass, the American Taxpayer, to bail them out. I wish we would have let these “crooks” go bankrupt.