Citigroup wants more capital but not nationalisation

02/23/2009 | CNBC · Financial Times (free content) · Washington Post, The

After a slump in Citigroup's shares last week, bank officials are urging the US government to inject additional capital but stop short of nationalising the company. The plan would increase the government's stake to about 40%. Insiders expect a decision in the next few weeks but said if Citi's shares decline further, the decision will have to come earlier.

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CNBC · Financial Times (free content) · Washington Post, The

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