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Tuesday, March 10, 2009

Report: U.S. Considers Further Steps for Citi

by Calculated Risk on 3/10/2009 08:56:00 AM

From the WSJ: U.S. Weighs Further Steps for Citi

Barely a week after the third rescue of Citigroup Inc., U.S. officials are examining what fresh steps they might need to take to stabilize the bank if its problems mount ...

Citi executives said they haven't detected signs of corporate clients or trading partners withdrawing their business ...

Banking regulators and Treasury officials called Citigroup executives over the weekend ... the talks were geared toward future planning and that no new rescue was imminent. ... The discussions include the Treasury Department, Office of the Comptroller of the Currency, Federal Reserve and Federal Deposit Insurance Corp.
From MarketWatch: Citigroup's shares rise as CEO plugs performance
... Chief Executive Vikram Pandit said the hard-hit provider of financial services firm was profitable during the first two months of the year and called its capital position "strong."
Here is a memo from Pandit to employees.