Citigroup Asking Gov. to Take Big Stake - KFDA - NewsChannel 10 / Amarillo News, Weather, Sports

Citigroup Asking Gov. to Take Big Stake

Citigroup is reportedly talking with the government to have it take a bigger ownership stake in the bank -- but not take it over.

Reports say the government could get up to 40% of Citigroup's stock.

The Obama administration hasn't indicated whether it supports the plan or not.

The bank's stock price fell below $2 a share last week.

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