November 24, 2008 / 4:48 AM / 10 years ago

U.S. to guarantee close to $300 bln Citi assets-WSJ

NEW YORK, Nov 23 (Reuters) - The U.S. government agreed to guarantee close to $300 billion of Citigroup’s troubled assets, the Wall Street Journal reported on Sunday.

The government will also inject an additional $20 billion into Citigroup, carrying an 8 percent interest rate for the first few years, the newspaper reported. (Reporting by Dan Wilchins; Editing by Anshuamn Daga)

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