Housing Mortgages Information

Treasury to Match Private Conversions of Common Equity in Citigroup

February 27, 2009 – 6:20 am In a move geared at bringing private investment back to the financial system, the U.S. Treasury has agreed to match private conversions of preferred shares of Citigroup into common equity . Citigroup said it would offer to exchange up to $27.5 billion...(read more)