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C Citigroup Inc

62.60
0.81 (1.31%)
27 Apr 2024 - Closed
Delayed by 15 minutes
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

UK Government Sells Bradford & Bingley, Northern Rock for GBP5 Billion

26/02/2021 2:24pm

Dow Jones News


Citigroup (NYSE:C)
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From Apr 2019 to Apr 2024

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   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)

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