US collects $10.3bn from Citi bail-out
The US government has collected more than $10bn in cash, dividends and securities from its bail-outs of Citigroup a sign the financial sector's rebound is helping the authorities to make money on its rescue programmes
2010. July 1. 23:21
Ex-Citi banker is forced to disclose $10m Lehman fee [Telegraph.co.uk] Aug. 29. Michael Klein, the respected former Citigroup banker, was paid $10m (£6.5m) to advise Barclays on its purchase of Lehman Brothers' US brokerage at the height of the credit crunch. Citi to put online bank Egg up for sale [FT.com] Aug. 4. Citigroup is preparing to put Egg, its UK online bank, up for sale as part of the US financial groups plan to shed billions of dollars in unwanted assets, according to people close to the situation Citi settlement signals pressure on banks [FT.com] Jul. 30. The Securities and Exchange Commission is continuing to ratchet up investigations on investment banks for their role in the US economic crisis Citi agrees $75m to settle SEC charges [FT.com] Jul. 29. Citigroup agreed to pay $75m to settle Securities and Exchange Commission charges that it failed to disclose to investors more than $40bn in exposure to subprime mortgages Citi sells interests in private equity fund [FT.com] Jul. 13. Citigroup is selling most of its interests in its private equity fund of funds and other investments to Lexington Partners in a deal affecting about $5bn in assets, as part of Vikram Pandit's plan to ... US collects $10.3bn from Citi bail-out [FT.com] Jul. 1. The US government has collected more than $10bn in cash, dividends and securities from its bail-outs of Citigroup a sign that the financial sectors quick rebound from the crisis is helping the authori... Citi seeks $330m in Taiwan market [FT.com] Jun. 23. The US bank is looking to raise funds in the country's emerging bond market, the island's biggest-ever issuance of Formosa bonds Citi to shrink consumer finance arm [FT.com] Jun. 2. Citigroup is moving to shrink its US consumer finance unit, CitiFinancial, closing hundreds of branches across the country, in an effort to make the troubled business more attractive to buyers Citi backs global Fix standard in India [FT.com] Jun. 1. The US banking group has become the first broker on the National Stock Exchange to introduce the global standard for electronic order messages, in a boost to the bourse's efforts to increase transacti... Treasury nets $1.3bn from Citi stake sale [FT.com] May 27. The US government makes a profit on the sale of the first tranche of its 27% investment in the US financial group and intends to sell more of the shares in the next few months Qatar eyes Treasurys Citi stock [FT.com] May 26. The Qatar Investment Authority, a sovereign wealth fund, has expressed interest in buying part of the US Treasurys stake in Citigroup, potentially boosting efforts to sell the shares amid the global r... US Treasury to sell 1.5bn Citi shares [FT.com] Apr. 26. The US Treasury department said that it had authorised the sale of up to 1.5bn of Citigroup shares, taking its first step to offload its stake in the bank
