Tag: Tim Massad

• Tuesday, December 7th 2010 - 18:46 UTC

  US Treasury admits making 12 billion profit with Citigroup rescue package

  

  The US Treasury has sold its remaining stake in Citigroup, in a deal which it says will make a 12 billion USD profit on its overall investment. Citigroup was one of the worst victims of the financial crisis, and the US government stepped in with 45 billion bail-out cash in 2008 and 2009.