Thursday, March 5, 2009

Citigroup Shares Crumbling & Diving Below $1 !

Shares of Citigroup, once the world's most valuable bank, tumbled below $1 on Thursday, taking its year-to-date drop to 85 percent !

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.
About two years ago, Citi's market value was above $270 billion. Today its market cap is a little over $5.4 billion !

Unbelievable? Believe It! :-) The Citi might highly probably need to take a good nite rest forever due to Global Economic Recession as The Citi Never Sleeps all this while :-)

Labels:

Custom Search
Tweet