From the Statement: “Agreement reached to terminate loss-sharing agreement – Cancelling $1.8 billion of $7.1 billion of trust preferred securities held by the U.S. government as consideration for agreement. Citigroup will cease being a beneficiary of TARP “Exceptional Financial Assistance” beginning in 2010.”

• Treasury Statement Regarding Citigroup’s Intention to Repay Taxpayers
• See also related WSJ article and other postings on financial system