Thursday, November 20, 2008

Is Citigroup next?

Citigroup stock value. 1998-2008. Nov 20, 2008. Source.

Since March of this year we have lost major banks Bear Stearns, Lehman, and Merrill Lynch. Citigroup, the nation's largest commercial bank, is now in major trouble. Its stock is trading at 5.50 today after an all-time high near 60 at the start of this decade. So it is time to ask: How long will Citigroup exist?

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