Tags: paulson | citigroup | bank of america

Paulson & Co. Sells Entire Stakes in Citigroup, Bank of America

Tuesday, 14 Feb 2012 05:43 PM

Billionaire John Paulson sold his entire stakes in Bank of America Corp. and Citigroup Inc. in the fourth quarter before the bank’s shares rallied.

Paulson & Co. sold 25.1 million shares of Citigroup valued at $643 million as of Dec. 31, according to a filing today with the U.S. Securities and Exchange Commission. The hedge fund sold about 64.3 million shares of Bank of America worth $394 million.

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