Citigroup (C), which had traded up at the open, are down about 9 cents, or 2.3%, at $3.82, amidst rumors the firm will announce an equity offering this week that would help it repay the TARP loans from the U.S. government. CNBC’s Maria Bartiromo cites anonymous sources this afternoon, writing that CEO Vikram Pandit has altered his travel plans and that an announcement could come as soon as Thursday, CNBC reports. CNBC also quotes Rochdale analyst Dick Bove as saying Citi’s capital raise won’t be as bad as the 20% dilution some investors fear, but rather something less than half that amount. Bove said the equity raise won’t entirely free Citi from the shackles of government oversight.
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