The U.S. Treasury Department said on Thursday it has earned a gross profit of about $2 billion so far on the sale of about one-third of its common stock holdings in Citigroup Inc. The sales have cut the Treasury’s stake in the bank from nearly 27 percent to about 17.6 percent. Citi shares rose briefly in morning trading, before falling about 2.39 percent to $3.67 by mid-morning. Most of the banking sector was trading down. Get the full story »
Citigroup
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