Citigroup to Repay TARP Loan

Posted on 14. Dec, 2009 by admin in Stock Market

Citigroup announced on Monday morning that it intends to repay $20 billion in TARP bailout money given to it by the Treasury Department at the peak of the financial crisis. The bank was among the hardest hit in the financial sector, and it received $45 billion in loans to protect against losses on $300 billion worth of risky investments.

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