Hello
Guest

Sponsored Links


Topic: US: Government set to make $8 billion from bailing out Citi  (Read 1115 times)

0 Members and 1 Guest are viewing this topic.

  • *
  • Posts: 2898

  • Liked: 163
  • Joined: Feb 2007
  • Location: Biggleswade
US: Government set to make $8 billion from bailing out Citi
« on: March 27, 2010, 02:26:27 PM »
http://www.msnbc.msn.com/id/36062775/ns/business-washington_post/

Quote from: msnbc.com
The Obama administration is making final preparations to sell its stake in the New York bank {Citigroup}, according to industry and federal sources.

At today's prices, the sale would net more than $8 billion, by far the largest profit returned from any firm that accepted bailout funds and the transaction would be the second-largest stock sale in history.

Well done!


Sponsored Links