Citi Jet: Treasury ‘Pressured’ Bank To Stop Delivery

By doris | Published: January 27, 2009

Full Story At CNBC.com

The Treasury Department put pressure on Citi not to take delivery of a new aircraft, CNBC has learned. Sources say a call Monday night from someone in the department to the bank, expressed “disappointment” in Citi’s originial decision to take delivery. The call was said not to be from new Treasury Secretary Tim Geithner.

Citigroup released a statement saying it has no intention of taking delivery of any new aircraft, a company spokesman told CNBC a day after its plans to take delivery of a new plane sparked criticism.

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