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From: The Washington Times | March 30, 2010
TREASURY U.S. to sell Citigroup shares NEW YORK | The Treasury Department said Monday it will begin selling the stake it owns in Citigroup Inc., which could result in a profit to the government of $7.5 billion. The government received 7.7 billion shares of Citigroup in exchange for $25 billion it gave the bank during the 2008 credit crisis. It said it will sell the shares over the course of this year, depending on market conditions. Like any investor, the government will likely hold on to its shares if prices fall steeply. However, Citi shares have steadily been rising with ...
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