Citigroup is selling the securities following a $7.6 billion loss in the fourth quarter after repaying $20 billion of trust preferred securities issued under the Treasury's Troubled Asset Relief Program, set up in late 2008 to support financial firms and markets."It's a capital structure need," said David Hendler , head of U. S financial services research at CreditSights Inc in New York. "It's not as dilutive like common equity issuance and they've already done a ton of that. Part of their earnings per share problem is they have a ton of shares from all that equity issuance they did last year." 
Share:  <span class="company">Citigroup</span> is selling the securities following a $7.6 billion loss in the fourth quarter after repaying $20 billion of trust preferred securities issued under the Treasury's Troubled Asset Relief Program, set up in late 2008 to support financial firms and markets."It's<span class="sent"> a capital structure need," said <span class="analyst">David Hendler</span> , head of U. S financial services research at CreditSights Inc in New York.</span> "It's not as dilutive like common equity issuance and they've already done a ton of that. Part of their earnings per share problem is they have a ton of shares from all that equity issuance they did last year."....<span class="company">Citigroup</span> is selling the securities following a $7.6 billion loss in the fourth quarter after repaying $20 billion of trust preferred securities issued under the Treasury's Troubled Asset Relief Program, set up in late 2008 to support financial firms and markets."It's<span class="sent"> a capital structure need," said <span class="analyst">David Hendler</span> , head of U. S financial services research at CreditSights Inc in New York.</span> "It's not as dilutive like common equity issuance and they've already done a ton of that. Part of their earnings per share problem is they have a ton of shares from all that equity issuance they did last year.". Tweet this 

The fixed to floating rate securities may initially yield about 8.875 percent, according to a person familiar with the offering who declined to be identified because terms aren't set. Citigroup, 27 percent owned by the U. S government, told investors in January it may issue $2 billion in TruPS this quarter. The New York based bank recorded a $7.6 billion loss in the fourth quarter after repaying $20 billion of trust preferred securities issued under the Treasury's Troubled Asset Relief Program, set up in late 2008 to support financial firms and markets. "It's a capital structure need," said David Hendler, head of U. S financial services research at CreditSights Inc in New York. 
Share:  The fixed to floating rate securities may initially yield about 8.875 percent, according to a person familiar with the offering who declined to be identified because terms aren't set. <span class="company">Citigroup</span>, 27 percent owned by the U. S government, told investors in January it may issue $2 billion in TruPS this quarter. The New York based bank recorded a $7.6 billion loss in the fourth quarter after repaying $20 billion of trust preferred securities issued under the Treasury's Troubled Asset Relief Program, set up in late 2008 to support financial firms and markets.<span class="sent"> "It's a capital structure need," said <span class="analyst">David Hendler</span>, head of U. S financial services research at CreditSights Inc in New York.</span>...The fixed to floating rate securities may initially yield about 8.875 percent, according to a person familiar with the offering who declined to be identified because terms aren't set. <span class="company">Citigroup</span>, 27 percent owned by the U. S government, told investors in January it may issue $2 billion in TruPS this quarter. The New York based bank recorded a $7.6 billion loss in the fourth quarter after repaying $20 billion of trust preferred securities issued under the Treasury's Troubled Asset Relief Program, set up in late 2008 to support financial firms and markets.<span class="sent"> "It's a capital structure need," said <span class="analyst">David Hendler</span>, head of U. S financial services research at C Tweet this 

Allied Irish Banks Plc (AIB) slid after the Sunday Independent reported, citing Simon Adamson, a CreditSights Inc analyst, that the lender has "little prospect" of recovering soon and could make a pretax loss for 2010 of as much as 3 billion euros. 
Share:  <span class="sent">Allied Irish Banks Plc (<span class="company">AIB</span>) slid after the Sunday Independent reported, citing <span class="analyst">Simon Adamson</span>, a CreditSights Inc analyst, that the lender has "little prospect" of recovering soon and could make a pretax loss for 2010 of as much as 3 billion euros.</span> Tweet this 

The operator of Scotland's Grangemouth container port said it received two takeover proposals. Allied Irish Banks Plc sank 3.7 percent to 1.39 euros. The lender has "little prospect" of recovering soon and could make a pretax loss for 2010 of as much as 3 billion euros ($4.1 billion), the Sunday Independent reported, citing Simon Adamson , a CreditSights Inc analyst. 
Share:  The operator of Scotland's Grangemouth container port said it received two takeover proposals. <span class="company">Allied Irish Banks Plc</span> sank 3.7 percent to 1.39 euros.<span class="sent"> The lender has "little prospect" of recovering soon and could make a pretax loss for 2010 of as much as 3 billion euros ($4.1 billion), the Sunday Independent reported, citing <span class="analyst">Simon Adamson</span> , a CreditSights Inc analyst.</span>...The operator of Scotland's Grangemouth container port said it received two takeover proposals. <span class="company">Allied Irish Banks Plc</span> sank 3.7 percent to 1.39 euros.<span class="sent"> The lender has "little prospect" of recovering soon and could make a pretax loss for 2010 of as much as 3 billion euros ($4.1 billion), the Sunday Independent reported, citing <span class="analyst">Simon Adamson</span> , a CreditSights Inc analyst.</span> Tweet this