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U.S. VP Candidate Ryan Sold Bank Shares on Day of Fed Briefing - Report

DOW JONES NEWSWIRES U.S. Rep. Paul Ryan, Mitt Romney's vice-presidential running mate on the Republican ticket, sold stock in U.S. banks on the same day he attended a confidential meeting where top-level officials disclosed the sector was heading for a deep crisis, The Guardian newpsaper in the U.K. reported on its website. The congressman is facing questions about whether he profited from information gleaned from the meeting on Sept. 18, 2008 when Federal Reserve chairman Ben Bernanke, then treasury secretary Hank Paulson and others outlined their fears for the banking sector, the newspaper said. Public records show that on the same day, Ryan sold stock in troubled banks including Wachovia and Citigroup (C) and bought shares in Goldman Sachs (GS), Paulson's old employer and a bank that had been disclosed to be stronger than many of its rivals, The Guardian said. The sale wasn't illegal at the time, the newspaper added. Not long after the meeting, Wachovia's already troubled share price went into free fall, The Guardian said. It plunged 39% on the afternoon of Sept. 26, 2008, alone as investors worried the bank would collapse, the newspaper said. It was eventually taken over by Wells Fargo for $15 billion, a fraction of its former value, The Guardian said. Citigroup's share price fell soon after the meeting, the U.K. newspaper said. In October 2008 Citigroup was among the largest beneficiary of the troubled asset relief program, the taxpayer-funded bailout of the banking sector, The Guardian said. Newspaper website: http://guardian.co.uk Dow Jones Newswires; dennis.baker@dowjones.com Order free Annual Report for Goldman Sachs Group, Inc. Visit http://djnweurope.ar.wilink.com/?ticker=US38141G1040 or call +44 (0)208 391 6028 Order free Annual Report for Wells Fargo & Co. Visit http://djnweurope.ar.wilink.com/?ticker=US9497461015 or call +44 (0)208 391 6028

Stock News for Citigroup (C)
DateTimeHeadline
06/27/201611:04:21Prospectus Filed Pursuant to Rule 424(b)(2) (424b2)
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06/24/201613:00:33Prospectus Filed Pursuant to Rule 424(b)(2) (424b2)
06/24/201613:00:05Prospectus Filed Pursuant to Rule 424(b)(2) (424b2)
06/23/201618:16:00Citigroup Exceeds Fed Minimum Capital Level Under Stress Scenario
06/23/201617:19:00Citi Releases Certain Disclosures Required by the Federal Reserve...
06/23/201617:10:00Fed Stress Tests: All Big Banks Clear Bar for Capital Requirements
06/23/201617:00:00Citigroup Exceeds Fed Minimum Capital Level Under Stress Scenario
06/23/201617:00:00Wells Fargo Exceeds Fed Minimum Capital Level Under Stress Scenario
06/23/201612:54:18Prospectus Filed Pursuant to Rule 424(b)(2) (424b2)
06/22/201617:00:00Bladex, Citi and Mizuho co-lead successful syndication of a US$135.5...
06/22/201613:51:40Prospectus Filed Pursuant to Rule 424(b)(2) (424b2)
06/22/201612:53:08Prospectus Filed Pursuant to Rule 424(b)(2) (424b2)
06/21/201617:00:23Prospectus Filed Pursuant to Rule 424(b)(2) (424b2)
06/21/201608:10:00United Continental Targets $3.1 Billion in Revenue, Efficiency...
06/21/201606:03:20Prospectus Filed Pursuant to Rule 424(b)(2) (424b2)
06/21/201603:02:00Citi, BofA Gear Up For Next 'Stress Test' -- WSJ
06/20/201617:00:00Bank of America, Citigroup -- and Shareholders -- Brace for Stress-Test...
06/20/201608:30:00New Costco Anywhere Visa Card by Citi Offers Cash Back Rewards...

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