BUSINESS
04/12/2009 05:12 am ET Updated May 25, 2011

Citigroup Execs' $2.2 Million Windfall

March 12 (Bloomberg) -- Four Citigroup Inc. executives who bought the bank's stock last week have already generated a $2.2 million paper profit, regulatory filings show.

The executives, including director Roberto Hernandez, benefited as the company's stock climbed 47 percent since March 10, when Chief Executive Officer Vikram Pandit said in a memo that the bank is having the best quarter since 2007. Their buying spree was the first by bank insiders since Jan. 14, filings show.

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