Citigroup raised $5bn in government-guaranteed bonds on Tuesday under an emergency FDIC facility due to expire in six weeks and which has been abandoned by most of its rivals as market conditions improved. The FT, citing people close to the situation, said Citi was in early talks with the US Treasury over a plan that would enable the company to raise capital by selling shares and enable the US government to reduce its 34 per cent stake in the bank.

This entry was posted by Stacy-Marie Ishmael on Wednesday, September 16th, 2009 at 4:51 and is filed under Capital markets. Tagged with citigroup, fdic. Edit this entry.