Citigroup on Monday morning reported third quarter net income of $2.2 billion, topping Wall Street estimates and marking its third consecutive quarterly operating profit. Citi shares were up as much as 2.3% in premarket tradin…
Citigroup (C) plans to sell its student-lending unit Student Loan Corp. to a consortium including Sallie Mae as early as today, The New York Post reported.
Citigroup owns 80% of the company, with another 20% being publicly traded. It is the country’s second-largest student lender, after Sallie Mae.
The deal could see Sallie Mae and another company offer as much as $600 million to…
Continue reading Citigroup May Sell Student Loan Corp. to Sallie Mae Consortium
Citigroup May Sell Student Loan Corp. to Sallie Mae Consortium originally appeared on DailyFinance on Fri, 17 Sep 2010 08:45:00.
Filed Under: Company News, Economy, Investing, Citigroup, Taxes, Credit
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