Tuesday, February 24, 2009
Citigroup's road to nationalization
A push by the government to convert its stake into common stock could push Citi closer to nationalization. But what happens after will define the fate of the firm.
Citigroup may be on the verge of nationalization. But what exactly that means remains to be seen... Those concerns flared up again over the weekend amid reports that the government was thinking of taking a much bigger stake in the beleaguered banking giant.
According to the reports, the government could convert a large portion of its preferred shares into common stock, a move that would give taxpayers as much as a 40% stake in the bank...
CNN Money: Citigroup's road to nationalization
Citigroup may be on the verge of nationalization. But what exactly that means remains to be seen... Those concerns flared up again over the weekend amid reports that the government was thinking of taking a much bigger stake in the beleaguered banking giant.
According to the reports, the government could convert a large portion of its preferred shares into common stock, a move that would give taxpayers as much as a 40% stake in the bank...
CNN Money: Citigroup's road to nationalization
Permalink posted by markw @ 5:15 AM 
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