Parson Says Citigroup is On the ‘Road to Recovery’

Citigroup Inc. (C) is on the “road to recovery” and wouldn’t have access to another rescue from the government should the need arise, Chairman Richard Parsons said. “I don’t think there is the political will” for another bailout, Parsons said today at a Bloomberg Link Boards & Risk Conference in Washington. He said the New York-based company has no need for more aid from the U.S.- Bloomberg