Sources say Citigroup (C -3.3% premarket) is working on a plan to pare the government's 34%...

|About: Citigroup Inc. (C)|By:, SA News Editor

Sources say Citigroup (C -3.3% premarket) is working on a plan to pare the government's 34% stake, including a multibillion-dollar public stock sale followed by a buyback. A move could give a clearer picture of how the government plans to balance its desire to wind down its financial system intervention against continued concerns over the health of the banking industry.