Citigroup (C) Lobbies In Effort To Improve Stock Price
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Citigroup (NYSE: C) is lobbying in Washington to delay capital requirements, FOX Business Network (FBN) Senior Correspondent Charlie Gasparino reported today.
This is being done in a effort to preserve their stock price amid concerns they will need to issue more shares.
"Sources tell FOX Business Network Citi is lobbying in DC among lawmakers to delay Dodd-Frank and Bassel III requirements. These are requirements on capital. Investors are really worried about Ciitgroup’s stock price and whether Citi has to issue more shares," Gasparino stated.
This is being done in a effort to preserve their stock price amid concerns they will need to issue more shares.
"Sources tell FOX Business Network Citi is lobbying in DC among lawmakers to delay Dodd-Frank and Bassel III requirements. These are requirements on capital. Investors are really worried about Ciitgroup’s stock price and whether Citi has to issue more shares," Gasparino stated.
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