Rochester, New York 12/12/2009 3:00:00 PM
News / Business

Citigroup Inc (NYSE:C) Planning $15 Billion Stock Offering

Citigroup, Inc. (NYSE:C) has announced that it is planning a $15 billion common stock offering as soon as Thursday.  The company is reportedly in talks with the US government regarding the repaying of its bailout money.  It is not clear if the deal will follow through, however the company remains hopeful.

 

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A financial services holding company, Citigroup provides consumers and corporate customers a variety of financial services.  The company has over 200 million customer accounts while conducting business in over 140 countries as reported on May 4, 2009.  It’s operating unites include Citicorp and Citi Holdings.

 

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