Single-family rental bonds are here to stay

Single-family rental bonds are here to stay

ABS East panel: Asset class will continue to grow

CFPB collecting data on 600 million credit accounts despite privacy, security risks

GAO report: Weaknesses in CFPB ability to assess data collection, oversight troubling

Ginnie Mae launches 5 new initiatives to increase mortgage lending

HUD secretary warns American Dream remains out of reach
W S
Investments / The Ticker

U.S. government exits connection with Citigroup

Selling last of its Citigroup bailout securities

money_clock
/ Print / Reprints /
| Share More
/ Text Size+

According to Reuters, almost five years after bailing out Citigroup (C) in the financial crisis, the U.S. government is selling the last of its interest in the company.

The Federal Deposit Insurance Corp is offering $2.42 billion of Citigroup bonds on Tuesday, according to a filing by the company with the U.S. Securities and Exchange Commission.

"When the transaction concludes, no U.S. government entity will continue to hold any securities in Citi issued as a result of the financial crisis," Citigroup said in a written statement.

Source: Reuters
Read full story

Recent Articles by HousingWire Staff

Comments powered by Disqus