Citigroup Inc. CEO Vikram Pandit appeared in Washington on Thursday to tell bailout overseers that today's Citi is not the tangled behemoth that required more than $45 billion from the government to survive the financial crisis.
Citi's bailouts have attracted attention because it is the world's largest financial services conglomerate, and because the government seemed endlessly willing to rework the terms of Citi's debt in ways that helped the company _ but not always taxpayers.
Here's a look at the various stages by which the government's stake in Citi ballooned, and how much has been paid back:
_ Oct. 28, 2008: Treasury's first round of capital …

No comments:
Post a Comment