Posted by: youngragingbull | February 5, 2013

U.S. Treasury unloads last of Citi holdings

The U.S. Treasury Department said Tuesday that it has sold the last of its holdings of Citigroup.

In a statement, the Treasury said it has priced an offering of Citigroup subordinated debt. The expected proceeds from the offering will be $894 million.

The federal government invested in Citigroup in 2009 to keep the bank holding company from collapsing. Under the TARP program, the government put $45 billion into the firm, and it’s received $58.4 billion in repayments and other income.

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