Citigroup repays $ 20 billion to US
New York, Dec 24: Citigroup Inc, which received USD 45 billion under the US Troubled Asset Relief Program in three separate bailouts during 2008 and 2009, has repaid USD 20 billion.
This move comes as the bank works to reduce government involvement in its compensation practices.
The taxpayers still own common stock in the bank that is now worth about USD 25.2 billion.
The bank sold USD 17 billion in common shares and USD 3.5 billion in convertible notes to raise the capital required to repay the government.
OneIndia News
More From
-
Trump Advisers Warn Prolonged Iran War Could Bring Rising US Casualties, Oil Prices And Political Fallout -
K-Pop Singer Heeseung Announces Exit From ENHYPEN; Belift Lab Says Group Will Move Forward With Six Members -
Air India Boosts Delhi, Mumbai Routes To Europe, New York; Etihad Adds 100 Flights Amid Airspace Disruptions -
Donald Trump Announces US Refinery Revival After 50 Years, Thanks Reliance For ‘Tremendous Investment’ -
Monitoring US–Iran Tensions Closely, S Jaishankar Tells Parliament -
Nearly $900 Million a Day: Rising Cost of United States Military Operations Against Iran -
IPL 2026 Schedule Announcement: Indian Premier League Starts March 28, Final in Bengaluru on May 31 -
Gold Rate Today 9 March 2026: IBJA Benchmark Rates, Tanishq, Malabar, Joyalukkas, Kalyan Jewellery Prices -
Hyderabad College Girls To Get Electric Scooters As Telangana Targets Pollution In CURE Region -
Gold Rate Today, 10 March 2026: Check IBJA Gold Prices, Retail Rates At Tanishq, Malabar, Joyalukkas, Kalyan -
Gold Silver Rate Today, 9 March 2026: City-Wise Prices, MCX Gold and Silver Ease Slightly After Rally -
Bangalore Gold Silver Rate Today, March 9, 2026: Gold and Silver Prices Fall as US Dollar Strengthens
Click it and Unblock the Notifications
Sign in with Google