Treasury to Sell More Citigroup Shares

The Treasury Department plans to sell another 1.5 billion shares of its Citigroup Inc. common stock, a move that would cut the government's holdings of the bank's shares to one-quarter of what it was during the height of the financial crisis.

The Treasury could begin selling the shares at any time after its Tuesday announcement but will halt sales Dec. 31 even if has not unloaded all 1.5 billion shares. The Treasury would see its share of Citi common stock holdings fall to 7% under the plan announced Tuesday.

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