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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Citigroup Inc | NYSE:C | NYSE | Common Stock |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
0.81 | 1.31% | 62.60 | 63.225 | 61.51 | 61.57 | 16,358,992 | 00:56:18 |
By Ian Walker
The U.K. government said Friday that it has sold Bradford & Bingley PLC and NRAM Ltd. building societies to Davidson Kempner Capital Management LP and Citibank for 5 billion pounds ($7.01 billion).
The government said that B&B and NRAM, which was formerly called Northern Rock, have been sold with their remaining loans.
"This final sale constitutes a significant milestone in the work to achieve the government's objective of returning the institutions brought into public ownership as a result of the 2007-2008 financial crisis to private ownership," HM Treasury said.
Write to Ian Walker at ian.walker@wsj.com
(END) Dow Jones Newswires
February 26, 2021 09:09 ET (14:09 GMT)
Copyright (c) 2021 Dow Jones & Company, Inc.
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