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Citigroup announces $7.6-billion loss in fourth quarter

Citigroup's decision to finish repaying TARP funds in December is a major reason for the quarterly loss and its $1.6-billion loss for the year.

Citigroup had its worst quarter of 2009, losing $7.6 billion in the final quarter of the year, or 33 cents per share, due in large part to the company's swift push to leave the government's Troubled Asset Relief Program.

 

Citigroup to repay $20 billion in bailout money

Citigroup Inc. said Monday it is repaying $20 billion in bailout money it received from the Treasury Department, in an effort ...

 

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