According to unofficial data, the U.S. Treasury may sell the shares of one of the largest U.S. bank Citigroup Inc., received in exchange for emergency funding of $ 45 billion dollars As the Reuters referring to the American media, the Ministry of Finance can start selling shares of Citigroup in October this year
currently being considered various options for sale. In particular, shares may be sold simultaneously through organized accommodation or sold to investors with large packages over the next 6-9 months. Also addresses options for the sale of shares in small chunks daily or weekly basis. Official representatives of Citigroup and the U.S. Treasury Department not comment.
At the moment the U.S. government owns about 7.7 billion shares of Citigroup, which represents approximately 33.6% of the total volume of bank shares in circulation.
Recall that Citigroup's net profit in II quarter of 2009. amounted to 4.3 billion dollars against the loss of $ 2.5 billion dollars for the same period a year earlier. At the same time Citigroup earnings for that quarter increased by 69% - up to $ 33 million - compared with 19.6 billion dollars for the same period last year.
Last year, the U.S. Treasury has allocated Citigroup as systemically significant institution, $ 45 billion under the program of recapitalization of banks. In addition, the government provided guarantees for possible losses on troubled assets at Citigroup $ 300 billion in exchange for a loan the U.S. Treasury has received a large block of preferred shares of the bank, which then were converted into common stock. Since this conversion of shares of Citigroup have risen in price by almost 40%, so now the U.S. government can bail out of the sale of billions of dollars.
War of the National Bank
purpose - to make the National Bank more amenable to the elections and change leadership NBU after them …
The dynamics of the market is worse now showing oil and gas sector stocksPrices EUR /USD pair again try to overcome the resistance level at 1.4630European stock markets declined on the basis of trading MondayFundamental market review 15/09/2009Today in Asia remained the main driver of the market Japanese yenTymoshenko: Politics NBU has become the main cause of recession in Ukraine in 2009Yushchenko reached an agreement with Turkmenistan on everything, except gasAMC ordered the Ministry of Industrial Policy repeal preferences Naftogaz to the supply in chemists
U.S. Treasury could start selling shares of Citigroup in October this year
According to unofficial data, the U.S. Treasury may sell the shares of one of the largest U.S. bank Citigroup Inc., received in exchange for emergency funding of $ 45 billion dollars As the Reuters referring to the American media, the Ministry of Finance can start selling shares of Citigroup in October this year
currently being considered various options for sale. In particular, shares may be sold simultaneously through organized accommodation or sold to investors with large packages over the next 6-9 months. Also addresses options for the sale of shares in small chunks daily or weekly basis. Official representatives of Citigroup and the U.S. Treasury Department not comment.
At the moment the U.S. government owns about 7.7 billion shares of Citigroup, which represents approximately 33.6% of the total volume of bank shares in circulation.
Recall that Citigroup's net profit in II quarter of 2009. amounted to 4.3 billion dollars against the loss of $ 2.5 billion dollars for the same period a year earlier. At the same time Citigroup earnings for that quarter increased by 69% - up to $ 33 million - compared with 19.6 billion dollars for the same period last year.
Last year, the U.S. Treasury has allocated Citigroup as systemically significant institution, $ 45 billion under the program of recapitalization of banks. In addition, the government provided guarantees for possible losses on troubled assets at Citigroup $ 300 billion in exchange for a loan the U.S. Treasury has received a large block of preferred shares of the bank, which then were converted into common stock. Since this conversion of shares of Citigroup have risen in price by almost 40%, so now the U.S. government can bail out of the sale of billions of dollars.
War of the National Bank
purpose - to make the National Bank more amenable to the elections and change leadership NBU after them …
The dynamics of the market is worse now showing oil and gas sector stocks
Prices EUR /USD pair again try to overcome the resistance level at 1.4630
European stock markets declined on the basis of trading Monday
Fundamental market review 15/09/2009
Today in Asia remained the main driver of the market Japanese yen
Tymoshenko: Politics NBU has become the main cause of recession in Ukraine in 2009
Yushchenko reached an agreement with Turkmenistan on everything, except gas
AMC ordered the Ministry of Industrial Policy repeal preferences Naftogaz to the supply in chemists