Citigroup Stake Sold by U.S. Government

Citigroup Stake Sold by U.S. Government

Jonathan Fickies/Bloomberg

The sale helps Citigroup, recipient of a $45 billion taxpayer-funded bailout in 2008, exit the rescue, which was provided to keep the New York-based bank from collapsing as its stock sank below $5 and some depositors started withdrawing their money.