Citigroup Chairman Richard Parsons said Thursday that the bank does not need any more capital injections from the government and expressed confidence that Citi would remain in private hands.
Asked in an interview with Reuters whether Citigroup needed additional government capital injections, Parsons said: "No, I think actually, particularly with the latest conversion... Citi is actually one of the better capitalized banks in the world.''
Parsons was speaking on the sidelines of a Business Roundtable event where President Barack Obama addressed business executives.
The Citigroup leader also brushed aside any prospect of the U.S. government nationalizing the bank.
"I don't think the administration is heading in that direction,'' Parsons said. "But I have a lot of confidence in the future viability and strength of a privately held Citi.'' more...
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