Citi's woes reflect depth of crisisQuicklink submitted by Margaret Bassett Permalink
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|But since then, the bank has lost about 70 percent of its stock market value and, by Sunday night, it became the recipient of a large new federal bailout. It isn't Citi alone that's faltering. The stock value of America's financial sector as a whole fell by nearly 40 percent in that same period since Oct. 28.|
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