Citigroup is pressing the US government to agree on a new capital injection that would increase the authorities’ stake in the troubled bank to about 40 per cent but stop short of an outright nationalisation.
The talks come after Citi’s shares slumped last week as investors feared it would be nationalised. Citi insiders said they expected a decision on the company’s future in the coming weeks but warned that it would have to come earlier if its shares fell again in the next few days.
Sunday, February 22, 2009
Citi presses U.S. Government to take 40% stake
The Financial Times reports:
