US Government increase stake in Citigroup to 36%

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US Government increase stake in Citigroup to 36%

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03-01-2009, 07:09 PM

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US Government increase stake in Citigroup to 36%

The US Government has increased its stake in troubled bank Citigroup from 8% to 36%, the US Treasury announced on Friday.The higher stake means the US Government has a powerful influence over the bank but the board of Citigroup have insisted that they are still maintaining day-to-day control of the bank.The deal is subject to [...]

More: US Government increase stake in Citigroup to 36%

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