The U.S. government’s sale of Citigroup Inc. shares slowed last month as the bank’s share price tumbled 5.1 percent amid a stock-market slump.
The government sold 1.1 billion shares from May 27 through June 30, according to a Treasury statement today. The sales, which are being managed by Morgan Stanley, generated proceeds of about $4.3 billion [...]
Posts Tagged ‘us tax’
Treasury Sale of Citigroup Shares Slowed Amid June Market Slump
July 1st, 2010 by Financial Writer
Tags: banks, citigroup, economists, financial system, investment, money, stock market, us economic, us stocks, us tax
more...UBS makes Q4 profit, but withdrawals continue
February 9th, 2010 by Financial Writer
Swiss bank UBS AG posted a fourth-quarter profit of 1.205 billion Swiss francs ($1.12 billion) Tuesday, beating analysts’ expectations partly thanks to a tax credit, but said rich clients’ withdrawals had continued.
The result is a significant swing from last year, when the bank reported a net loss of 9.58 billion francs in the fourth quarter. [...]
Tags: banks, future business, new money, q4, ubs, us tax
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