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online.wsj.com - 2/23/2009

U.S. Eyes Large Stake in Citi

— online.wsj.com — DAVID ENRICH and MONICA LANGLEY Citigroup Inc. is in talks with federal officials that could result in... the U.S. government substantially expanding its ownership of the struggling bank, according to people familiar with the situation. While the ... (more) U.S. Eyes Large Stake in Citi

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Citi Holdings

Citigroup

Comments vote downundo vote up The Big Picture found this 2/23/2009found this

13

baselinescenario.com - 2/24/2009

Tangible Common Equity for Beginners

— baselinescenario.com — For a complete list of Beginners articles, see Financial Crisis for Beginners . You may have seen... in the news that the government is thinking about exchanging its “preferred stock” in Citigroup for “common stock.” Here’s one of many articles . Which, if you are ... (more) Tangible Common Equity for Beginners

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Citigroup

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5

nytimes.com - 2/23/2009

As Doubts Grow, U.S. Will Judge Banks’ Stability

— nytimes.com — WASHINGTON — The Obama administration will begin taking a hard look at the financial condition of the... country’s 20 biggest banks this week to judge whether they could hold up even if the downturn worsens further than policy makers already expect. ... (more) As Doubts Grow, U.S. Will Judge Banks’ Stability

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Citigroup

Comments vote downundo vote up Calculated Risk found this 2/23/2009found this

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US U-turn on tangible common equity
FT Alphaville — ... (HT Rolfe Winkler ): Citigroup Inc. is in talks with federal officials that could result in the U.S. government substantially expanding its ownership of the struggling bank, according to people familiar with the situation. While the discussions could fall apart, the government could wind up holding as much as 40% of Citigroup’s common stock. Bank executives hope the stake will be closer to 25%, these people said. Right, right, another bank nationalisation. But here’s the interesting part: Under the scenario being considered, a substantial chunk of the $45 billion in ...