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IPFS News Link • Economy - Economics USA

Citi Holds Talks With U.S. Over Bigger Ownership Stake

02-22-2009 • DealBook

Citigroup officials approached the regulators with a plan that would allow them to convert a substantial amount of the $45 billion of preferred shares held by the government into common stock giving the government a much bigger ownership stake

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Reported By Powell Gammill

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