Citigroup Talking With SEC Over Dynegy

Regulators are discussing a transaction the banking giant had with the power company.
By TSC Staff ,

Citigroup

(C) - Get Report

disclosed Friday it is in talks with securities and bank regulators about a transaction it had with

Dynegy

(DYN)

.

In its 10-Q report filed with the

SEC

, Citigroup said the discussions with power company Dynegy arose out of talks over certain transactions it had with ill-fated

Enron

,

Dow Jones

reported.

Citigroup provided no further information.

Shares of Citigroup closed higher by 70 cents, up 1.79%, to $39.70.

Dynegy, which has been enjoying a resurgence lately, saw its shares finish up 9 cents, or 2.08%, to $4.41.

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