Citi and U.S. Government Reach Definitive Agreements on Loss Sharing Program
NEW YORK – Citi today announced it has entered into definitive agreements with the U.S. Department of Treasury, The Federal Deposit Insurance Corporation, and the Federal Reserve Bank of New York with respect to the loss sharing program previously announced on November 23, 2008. A summary of terms for the program and a description of the assets covered under the program are attached to this release and are available on www.citigroup.com.
Citi, the leading global financial services company, has some 200 million customer accounts and does business in more than 100 countries, providing consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, and wealth management. Citi’s major brand names include Citibank, CitiFinancial, Primerica, Smith Barney, Banamex, and Nikko. Additional information may be found at www.citigroup.com or www.citi.com.
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