UK regulators hit Citigroup with a $79 million fine over trading and control failures that saw one trader mistakenly sell $1.4 billion of shares.
The deals offer a nice premium relative to the 4.6% available on 30-year Treasury debt. Tax benefits add to the appeal.
Citigroup (C) reachead $63.16 at the closing of the latest trading day, reflecting a -1.42% change compared to its last close.