Pressure on Citigroup builds, shares fall below $4

Quicklink submitted By       Message Margaret Bassett     Permalink
Related Topic(s): ; ; ; ; , Add Tags

View Ratings | Rate It

opednews.com

Author 4629
Become a Fan
  (30 fans)
Investors were also fearful that the government might orchestrate a takeover of Citigroup over the weekend that could wipe out common shareholders, said Paul Miller, a Friedman Billings Ramsey banking analyst. Pressure intensified on Citigroup to sell part or all of itself as its stock fell below $4 a share on Friday and fears escalated about future loan losses.

Read the rest of the story HERE:

At my.earthlink.net

- Advertisement -
- Advertisement -