Citigroup has some upside for investors
Mortgage growth is slow, but the bank is moving ahead with a big buyback plan and may open up some reserves it had set aside.
Citigroup is one of the largest corporate welfare recipients. They aren't profitable without taxpayer money. And the taxpayers are getting fed up with bailing out banks.
Citigroup Tops List of Banks Who Received Federal Aid
CNBC, Wednesday, 16 Mar 2011
Now it can be told: The bank that exposed the federal government to the greatest potential loss during the government bailout was Citigroup, which received a grand total of $476.2 billion in cash and guarantees, according to a new report of the Congressional Oversight Panel which oversees the TARP program.
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Bill Stiritz has experienced an estimated $145 million in paper losses on his investment in the company.
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