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News & Insights

Citi’s Exchange of Common Stock for Preferred Stock

February 27, 2009

On February 27, 2009, Citigroup Inc. announced that it will exchange its common stock for preferred securities to substantially increase its tangible common equity. Partner Robert D. Joffe, assisted by partners B. Robbins Kiessling and Allen Finkelson, advised the Independent Directors of Citi’s Board in connection with this matter.

Related Practices & Industries

  • Corporate
  • Corporate Governance and Board Advisory
  • Financial Services and Insurance

People

Photo
Name
B. Robbins Kiessling
Title
Corporate
Title
Retired Partner
Email
bkiessling@cravath.com
Phone
+1-212-474-1999
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    Education

    • J.D., 1976, New York University School of Law
      Order of the Coif, cum laude
    • B.A., 1973, Yale College
      cum laude
    Name
    Allen Finkelson
    Title
    Corporate
    Title
    Retired Partner
    Email
    afinkelson@cravath.com
    Phone
    +1-212-474-1999
    vCard
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      Education

      • J.D., 1971, Columbia Law School
        magna cum laude
      • B.A., 1968, St. Lawrence University
        Phi Beta Kappa, magna cum laude

      Cravath Bicentennial

      Celebrating 200 years of partnership. In 2019, we celebrated our bicentennial. Our history mirrors that of our nation. Integral to our story is our culture.

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