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Thursday, January 21, 2021

In Stock Deal, U.S. Plans to Enlarge Stake in Citigroup

The federal government plans to take a substantial ownership stake in Citigroup, launching the Obama administration's new strategy to prevent the failure of any more large banks, according to sources familiar with the matter.

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The federal government plans to take a substantial ownership stake in Citigroup, launching the Obama administration’s new strategy to prevent the failure of any more large banks, according to sources familiar with the matter.

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