We had been wondering where in the world were Citi and Vikram as they had been lying low recently. Well here comes some news.
30-four per cent governement-owned Citi will repay TARP.
And taxpayers will even get a decent return. That’s what chairman Richard Parsons told Bloomberg today.
Well, there is that little caveat though–they don’t know when exactly they’ll be able to do that.
“I can’t put a timeframe on it, but I’m very confident we’ll get there,” Parsons said.