The U.S. Department of the Treasury announced Thursday that it has sold all of the trust preferred Citigroup shares it held for a net profit to the taxpayer of $2.246 billion. In addition, Treasury also announced it sold 1.5 billion shares of Citigroup common stock, according to a plan announced in July, lowering its stake in the bailed out bank from 18% to 12.4%.
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Treasury Sells More Citi Shares originally appeared on DailyFinance on Fri, 01 Oct 2010 07:45:00.
Filed Under: Citigroup, Stocks in the News