• Most Popular
  • Most Shared

Citigroup not seeking government aid -- source

Thu Nov 20, 2008 5:00pm EST

Stocks

   

NEW YORK, Nov 20 (Reuters) - Citigroup Inc (C.N) is not seeking government aid at the moment, a person close to the bank said on Thursday.

Stocks  |  Bonds  |  Global Markets

The bank's shares lost more than a quarter of their value on Thursday, prompting speculation the government may have to intervene to prop up what was once the world's largest bank by assets.

But Citigroup is not seeing any unusual client activity now and is not seeking additional aid from the government in any form. The bank received $25 billion of funds from the government in October under the Troubled Assets Relief Program, but does not expect to seek more TARP money. (Reporting by Dan Wilchins and Jonathan Stempel)

Stocks
Bonds
Global Markets


More from Reuters

Joint Terminal Attack Controller SSgt Clinton J. Herbison, a U.S. Airman from the 817 Expeditionary Air Support Operations Squadron (EASOS) takes a break during a night mission near Honaker Miracle camp at the Pesh valley of Kunar Province August 12, 2009. Credit: REUTERS/Carlos Barria

Pictures of the Year

A look at the best photos of 2009.  Slideshow 

    PICTURES
    The Dalai Lama jokes with a nasal spray after being asked his opinion on the swine flu during a press conference after his first lecture in Lausanne, Switzerland, August 4, 2009. REUTERS/ Valentin Flauraud

    What a wacky year it's been...

    Um, what's up the Dalai Lama's nose? "Oddly Enough" editor Bob Basler rounds up the goofiest photos of the year.  Full Article 

    Oddly Enough
    A caution sign is seen next to a stock board at the Australian Securities Exchange (ASX) in Sydney September 5, 2008. REUTERS/Daniel Munoz
    Political Risk in 2010:

    Don't say we didn't warn you

    With the financial crisis (mostly) in the past, U.S. investors are eying a fresh start to the coming year. Here's a look at what speedbumps lie ahead.  Full Article 

    Global Markets