Citigroup share dips below $1
New York: One dollar could buy a cup of coffee, a pack of chewing gum, or a roll of bathroom tissue. For the first time, it could also buy a share of Citigroup, once the world’s largest bank by market value. The price of a Citigroup share on Thursday fell below $1 in a sign that investors are losing confidence that the lender, which operates in more than 100 countries, can be restored to health after $37.5 billion of losses in the 15 months ended December 31. Shares fell as low as 97 cents, leaving the bank with a market value below $6 billion — down from more than $277 billion in late 2006. The decline came even though Citigroup has received $45 billion of taxpayer-funded capital since October. REUTERS --~--~---------~--~----~------------~-------~--~----~ You received this message because you are subscribed to the Google Groups ""GLOBAL SPECULATORS"" group. To post to this group, send email to [email protected] To unsubscribe from this group, send email to [email protected] For more options, visit this group at http://groups.google.com/group/globalspeculators?hl=en -~----------~----~----~----~------~----~------~--~---
