Gasparino: Citi Lobbying To Delay Capital Requirements

FOX Business Network (FBN) Senior Correspondent Charlie Gasparino reports Citigroup is lobbying to “delay Dodd-Frank and Bassel III requirements” in an effort to preserve their stock price amid concerns they will need to issue more shares. Highlights can be found below, courtesy of Fox Business News.

On Citigroup's effort to raise their stock price above $10 a share:

“Sources tell FOX Business Network Citi is lobbying in DC among lawmakers to delay Dodd-Frank and Bassel III requirements. These are requirements on capital. Investors are really worried about Ciitgroup's stock price and whether Citi has to issue more shares.”