- Citigroup: Still has $10B of risky assets. US govt owns 34%. C planning perhaps a $5B equity issuance to reduce govt. stake.
- Impact of news on FX rates: concern over trade dispute between China and US led people back to USD, taking away from EUR.
- Treasury sold $15B of bills a week
- Gas futures: 7.5 year low
- Judge tossed out SEC settlement with BOA/Merrill bonus issue. SEC usually settles, but in this case the essentially the shareholders are being asked to pay the fine. This poses questions about broader government involvement.
Tuesday, September 15, 2009
Citi looks to shrug off the govt
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