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From: TFF	2/27/2009 4:50:32 PM
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Citigroup Sets Stock Trading Record By Edgar Ortega Feb. 27 (Bloomberg) -- Citigroup Inc. set a record for the most shares traded in a single day in the U.S., beating the mark set by WorldCom Inc. in 2002, according to the New York Stock Exchange. More than 1.77 billion Citigroup shares traded as of 4 p.m. in New York after the U.S. government agreed to a third rescue attempt that would cut existing shareholders’ stake in the New York-based bank by 74 percent. Citigroup shares fell 39 percent to $1.50, the lowest closing price since November 1990. The Treasury Department said it would convert as much as $25 billion of preferred shares into common stock provided private holders agree to the same terms, the government said in a statement today. The conversion would give the U.S. a 36 percent stake in the New York-based company. Increased government involvement complicates Chief Executive Officer Vikram Pandit’s attempt to restore confidence in the company. The government is supporting Citigroup because of concern its failure might roil weak global markets. The U.S. doesn’t immediately intend to inject additional money after channeling $45 billion to Citigroup last year. The following is the New York Stock Exchange’s tally of the five busiest sessions for a U.S. stock: Company Date Shares Traded Citigroup Feb. 27, 2009 1.77 billion * WorldCom July 1, 2002 1.51 billion AIG Sept. 16, 2008 1.23 billion Citigroup Nov. 21, 2008 1.029 billion WorldCom July 3, 2002 1.026 billion *Volume as of 4 p.m. in New York. To contact the reporter on this story: Edgar Ortega in New York at ebarrales@bloomberg.net. Last Updated: February 27, 2009 16:14 EST

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