Banking, finance, and taxes
Citigroup (C) Shares Off 40% After Government Deal
Published:
Last Updated:
Whatever stock options Vikram Pandit, his management team and board have are almost certainly worthless now.
News that the federal government will own 36% of Citi’s common shares through a complex deal have the stock off 40% to $1.48.
It’s not terribly good news for anyone who bought shares in the last four weeks hoping a rescue would drive the stock up.
Douglas A. McIntyre
In 20 Years, I Haven’t Seen A Cash Back Card This Good
Credit card companies are at war, handing out free rewards and benefits to win the best customers. A good cash back card can be worth thousands of dollars a year in free money, not to mention other perks like travel, insurance, and access to fancy lounges. Our top pick today has pays up to 5% cash back, a $200 bonus on top, and $0 annual fee. Click here to apply before they stop offering rewards this generous.
Flywheel Publishing has partnered with CardRatings for our coverage of credit card products. Flywheel Publishing and CardRatings may receive a commission from card issuers.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
Our expert who first called NVIDIA in 2009 is predicting 2025 will see a historic AI breakthrough.
You can follow him investing $500,000 of his own money on our top AI stocks for free.