Citigroup comes to terms with officials on TARP repayment

Citigroup reached an agreement with regulators and government officials regarding a plan to repay the Treasury for the $20 billion it received through the Troubled Asset Relief program. "We are pleased to be able to repay the U.S. government's trust preferred securities and to terminate the loss-sharing agreement," Citi CEO Vikram Pandit said in a statement. "We owe the American taxpayers a debt of gratitude and recognize our obligation to support the economic recovery through lending and assistance to homeowners and other borrowers in need." The deal involves Citi issuing $20.5 billion worth of debt and capital.

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