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Banking & Financial Institutions

Treasury announces additional sales of bank shares

by Jay Heflin - 04/12/10 9:12 PM ET
by Jay Heflin - 04/12/10 9:12 PM ET

“Treasury intends to sell the warrants through public offerings,” the Department stated in a release. “These offerings will be executed using a modified Dutch auction methodology that establishes a market price by allowing investors to submit bids at specified increments above a minimum price specified for each auction.”

Last month, the Department said it would sell its roughly 7.7 billion shares of Citigroup common stock. 

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