Citigroup ready to intensify effort to repay TARP funds

Bank of America's announcement that it will soon repay the government for money it received through the Troubled Asset Relief Program put additional pressure on Citigroup to do the same. Citigroup executives, however, said the Treasury needs to sell its 34% stake in the bank before it can break free, sources said. "The ball is in the government's court," said Chris Kotowski, an analyst at Oppenheimer & Co.

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