Citigroup and Wells Fargo on Monday unveiled plans to sell a total of up to $30bn in stock and return a combined $45bn to US taxpayers in a move that will free them of heightened government supervision but could hit shareholders. Citi said it would raise up to $19.6bn and return $20bn in funds from the TARP scheme while Wells unveiled a $10.4bn share offering to repay a $25bn TARP investment.

This entry was posted by Gwen Robinson on Tuesday, December 15th, 2009 at 5:34 and is featured in The 6am Cut London (15 Dec 2009) . Tagged with citi, TARP, well fargo. Edit this entry.