Citigroup Inc., who is the recipient of the biggest U.S. bank bailout, has struck a deal with regulators for repaying $20 billion to taxpayers and in order to escape government-imposed pay restrictions.

Citibank will raise funds with a Sale of $20.5 billion of equity and debt

Citigroup, is the only major U.S. lender that is still dependent on the government “exceptional financial assistance. The bank said in a statement today that with a sale of $20.5 billion of equity and debt the company will raise the funds.

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Citigroup Inc., who is the recipient of the biggest U.S. bank bailout, has struck a deal with regulators for repaying $20 billion to taxpayers and in order to escape government-imposed pay restrictions.

Citibank will raise funds with a Sale of $20.5 billion of equity and debt

Citigroup, is the only major U.S. lender that is still dependent on the government “exceptional financial assistance. The bank said in a statement today that with a sale of $20.5 billion of equity and debt the company will raise the funds.

Read the full story

On Thursday there has been a rise in shares of Citigroup following reports of an expected share offering that would raise money.

This money would help the bank repay the U.S. government’s investment under the Troubled Asset Relief Program, or TARP.

While it has been acknowledged by the analysts that current common shareholders would be diluted by planned offering.

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