COMPANIES Citigroup and Wells Fargo on Monday unveiled plans to sell a total of up to $30bn in stock and return a combined $45bn to US taxpayers in a move that will free them from heightened government supervision but could hit shareholders.
Citi said it would raise up to $19.6bn and return $20bn in funds from the troubled asset relief programme while Wells unveiled a $10.4bn share offering to repay a $25bn Tarp investment.
