Tuesday, October 19, 2010

Treasury Authorizes Fourth Round of Citigroup Stock Sales (C)

From CNBC:
The government says it will conduct a fourth round of sales of Citigroup common stock, its latest effort to recoup costs from the $700 billion financial bailout.

The Treasury Department says it had given Morgan Stanley [MS  25.79    0.39  (+1.54%)   ], its agent for the sales, authorization to sell an additional 1.5 billion shares of Citigroup stock....