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BUSINESS
NOVEMBER 22, 2008

Citigroup Tries To Steady Stock

Citigroup Inc. launched a counterattack aimed at stabilizing the company, as its executives and directors continue to wrestle with whether drastic changes are needed at the New York firm.

Citigroup officials have been talking in recent days to Treasury Department and Federal Reserve officials, and those discussions are expected to continue throughout the weekend, according to people familiar with the matter.

Citigroup hopes the government makes a public expression of confidence in Citigroup that would help reassure clients and customers. Absent a public endorsement, Citigroup executives believe even a small capital infusion from the government would send a positive signal.