Famous Corporate Bailouts
Printer Print Email Email

Citigroup

citi, citibank, citigroup, finance, corporate, bailoutCitigroup was bailed out by the U.S. government in 2008 at a stake of $20 billion, apart from guaranteeing hundreds of billions in risky assets. The bailout came from the Treasury Department’s $700 billion financial bailout package. The bailout followed the $25 billion received by Citigroup in which the government received an ownership stake. The bailout also saw the Treasury Department and the Federal Deposit Insurance Corporation (FDIC) guaranteeing upto $306 billion of risky loans and securities which were backed by commercial and residential mortgages.

 
Digital Supply Chain Transformation – Winning the AI/ML Way