THE US government may end up holding as much as 40 per cent of Citigroup's common stock, the Wall Street Journal reported on its website, citing sources familiar with the plans. Citing sources familiar with the plans, the Journal reported Citigroup executives are hoping the talks with US federal officials will result in a stake closer to 25 per cent.
The paper, citing a spokesman at the US lender, also reported that Bank of America is not discussing a larger ownership stake for the US government.
GM, Chrysler situations smack of bankruptcy
Government’s proposal for banks comes today
OZ Minerals sells Nyrstar stake, raises $33m
European shares slump amid gloom
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2009
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February
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- OZ gets debt extension, $2.5bn loss
- Wall Street hits 12-year low
- Pacific rejects salary claims
- QBE profit tanks on investment losses
- Sol Trujillo to leave Telstra in June
- Shopping centre group Centro in $2.4bn loss
- Media company APN posts $24m loss
- iiNet profit up on subscriber boom
- Oil Search profit up, cuts exploration
- US seeking 40pc of Citigroup - report
- Dollar lower at noon
- Virgin Blue posts $100m loss
- Caltex profit slumps, no final dividend
- Interest rates won't hit zero - RBA
- NAB's Ahmed Fahour steps down
- Gold prices boost Newmont profit
- Shares down after US stocks slump
- Banks pull shares lower at noon
- Santos profit jumps, well placed
- Cabcharge profit up 7pc
- Perpetual profit falls 84 pc
- Transurban profit falls 86pc
- Four airlines fined $16m for price-fixing
- Shares flat on mixed company news
- Brambles to cut 750 jobs
- Japan in worst economic crisis in 35 years
- Dollar higher on Wall Street bounce
- Wall St rebounds from heavy losses
- Newcrest in 'strong position' as profit up
- OZ Minerals to post up to $2.8bn loss
- OZ Minerals to post up to $2.8bn loss
- Shares higher after Wall Street comeback
- We'll review Rio Tinto deal - Swan
- Coke says Lion bid fell '$1bn short'
- CBA posts $2bn profit, bad debt jumps
- PMP posts 'disappointing' first half loss
- US stocks flat ahead of stimulus vote
- AWB shares plunge 20pc on profit drop
- Skinner to stay till mid-2009 - Rio
- Telstra to donate to bushfire appeal
- Lend Lease profit may drop by 15pc
- Macquarie's $2bn hit on bad debt
- Market higher at noon
- European shares slump amid gloom
- ANZ profit likely to be down 15pc
- Dollar up at noon
- James Hardie director resigns
- Share market slightly lower at noon
- Commonwealth Bank cuts rates 1pc
- Lend Lease raises $302m from investors
- Dollar falls to fresh low
- Qantas in trading halt
- Shares higher as banks gain
- Harvey Norman sales up despite gloom
- Rio Tinto sells Brazilian mine to reduce debt
- OZ Minerals sells Nyrstar stake, raises $33m
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February
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