Government says no more to Citigroup

Tuesday, December 7, 2010 - 3:37pm

WASHINGTON, D.C. (WGMB) -- The US Treasury no longer has a stake in Citigroup, as the government sold the last of its Citi shares on Monday, Dec. 6.

With the sale, American taxpayers will make a 12 billion dollar profit on Citigroup’s bailout. During the height of the financial crisis, Citigroup received 45 billion dollars in federal aid.

The deal is expected to close by the end of the week.
 

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