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Citigroup shares tumble below $1
sunstreak509
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3-5-2009 3:24 PM
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markets
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economy
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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/e0541f77-75be-4046-a29a-d269b542a8d9/4D525165-7C11-4768-9913-84190A426E6D/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://finance.yahoo.com/news/Citigroup-shares-tumble-below-rb-14554520.html" href="http://finance.yahoo.com/news/Citigroup-shares-tumble-below-rb-14554520.html" style="font-size: 11px;">finance.yahoo.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://finance.yahoo.com/news/Citigroup-shares-tumble-below-rb-14554520.html"><div align="center"><img src="http://content8.clipmarks.com/blog_cache/finance.yahoo.com/img/9152BD87-A645-46EE-BE25-0809AEB369CF" alt="<font color='#808080'> Reuters - A customer walks out of a Citibank outlet in New York March 4, 2009. REUTERS/Lucas Jackson ...</font>" /></div></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://finance.yahoo.com/news/Citigroup-shares-tumble-below-rb-14554520.html">NEW YORK (Reuters) - Shares of Citigroup (NYSE:<A href="http://finance.yahoo.com/q?s=c">C</A> - <A class="yltasis" href="http://finance.yahoo.com/q/h;_ylt=AnmjZiPVVGGYVmUpnIIztZlQ5D0D?s=c">News</A>), once the world's most valuable bank, tumbled below $1 on Thursday, taking its year-to-date drop to 85 percent.</blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://finance.yahoo.com/news/Citigroup-shares-tumble-below-rb-14554520.html"><P>Citigroup, a Dow component, fell more than 13 percent to an intraday low of $0.98, hammered by continued fears over the bank's health and ability to avert nationalization.</P><P>About two years ago, Citi's market value was above $270 billion. Today its market cap is a little over $5.4 billion.</P></blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;"> </td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/4D525165-7C11-4768-9913-84190A426E6D/blog/" title="blog or email this clip"><img src="http://content9.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>
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