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White House says unaware of any Citigroup rescue talks
November 23, 2008 / 8:42 PM / 9 years ago

White House says unaware of any Citigroup rescue talks

ABOARD AIR FORCE ONE (Reuters) - White House spokeswoman Dana Perino said on Sunday she knew of no talks going on between banking giant Citigroup and the federal government for financial aid.

<p>A traffic light is seen in front of a Citibank branch in Singapore November 21, 2008. Citigroup Inc lost more than one-quarter of its market value on growing worries over whether it has enough capital to withstand billions of dollars of potential losses and despite new support from its largest individual investor. REUTERS/Vivek Prakash</p>

Speaking to reporters travelling with President George W. Bush, who is returning to Washington after attending the Asia-Pacific summit in Peru, Perino declined to comment on whether the president supported a federal rescue package for Citigroup (C.N).

Citigroup is reeling from the economic slump gripping the United States and its stock tumbled last week. Citigroup’s board was reported to have met on Friday to discuss the bank’s options, touching of speculation about a possible government rescue.

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