Treasury 'to link Citi sale with TARP repayment'
China Daily | Updated: 2009-12-08 08:04
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Pedestrians pass a Citibank branch in New York. Executives have pressed the Treasury for at least three months to sell the stake. Bloomberg News |
NEW YORK: The US Treasury Department aims to hold off on selling its 34 percent stake in Citigroup Inc until the bank and regulators agree on a broader plan to repay all obligations remaining from last year's $45 billion government bailout, a person close to the department said.
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