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: Unprecedented Global Recession

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