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Citigroup has agreed to settle a lawsuit by the federal government that charged the bank with misleading investors in the run-up to the mortgage meltdown.
May 28 -
The U.S. government has padded its return on aid to Citigroup (NYSE:C) during the financial crisis.
February 5 -
Former FDIC chairman Sheila Bair, who vocally criticized the Citigroup bailouts in her new book, said Friday that she sees few growth prospects for the bank.
October 11
The Federal Deposit Insurance Corp. is selling the last of the Citigroup (NYSE:C) stake that the U.S. government acquired during the financial crisis.
The FDIC is offering $2.4 billion in Citi notes, according to a
Citi will not receive any proceeds from the sale of the notes, which carry maturity dates of 2025 and 2043.
When the sale is complete, the U.S. government will no longer hold any securities issued by Citi as a result of the financial crisis. The Treasury received $894 million from
Citi, the third-largest U.S. bank, was hit hard by the economic downturn. It received a $45 billion bailout from the Treasury under the Troubled Asset Relief Program. It