Treasury to Sell a Portion of Citigroup Preferred Securities

The Treasury Department said on Wednesday it was selling a portion of the $2.2 billion in trust preferred securities it received from Citigroup (C) in return for agreeing to share potential losses on a pool of assets the bank held. – Reuters

Disclaimer: This page contains affiliate links. If you choose to make a purchase after clicking a link, we may receive a commission at no additional cost to you. Thank you for your support!

Be the first to comment

Leave a Reply

Your email address will not be published.


This site uses Akismet to reduce spam. Learn how your comment data is processed.