Citigroup Inc. has repaid government investments under the Troubled Asset Relief Program.
The New York-based institution announced the repayment last Wednesday.
Citi first disclosed its intention to repay TARP investments on Dec. 14.
The statement indicated that in addition to the $20 billion repayment, the company also terminated a loss-sharing agreement with the government — which still holds $5.3 billion in trust preferred securities, warrants for common stock and 7.7 billion common shares.
The repayment followed a $20.5 billion public offering.
Wells Fargo & Co. also announced last week that it repaid $25 billion in TARP investments, while Bank of America Corp. said earlier this month that it repaid $45 billion in TARP investments and JPMorgan Chase & Co. announced in June it repaid $25 billion in TARP investments.