Treasury had expected to record a substantial profit on the sale, but it now appears that the government instead would take a loss, said the source, who spoke on the condition of anonymity.
Citigroup priced 5.4 billion common shares at $3.15 each on Wednesday afternoon, below the $3.25 price at which the Treasury converted its preferred shares to common equity earlier this year for a 34 percent stake in the banking giant.
Gee wiz Timmy, whats your trade? Bye bye Pandit.
Did it work?
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Whenever i see the post like your's i feel that there are still helpful people who share information for the help of others, it must be helpful for other's. thanx and good job.
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