Citigroup is 'considering sale' (BBC)

[eppur_se_muova]

Citigroup, one of America's biggest banks, is considering selling parts of the company, according to reports in the Wall Street Journal.

It is even rumoured to be considering merging with another bank.

Citigroup's shares have lost half of their value this week as concerns about its financial viability grow.

Saudi Prince Al-Waleed Bin Talal's decision to buy about $350m (£236m) of its shares on Thursday did not calm investors' nerves.

Citigroup shares continued their downward slide, losing more than a quarter of their value on Thursday. Investors are worried that future losses could threaten the bank's future.
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more: http://news.bbc.co.uk/2/hi/business/7741463.stm

[YOY]

1. That is one financial institution I could care less about.

Sure they employ people and I feel for the rank and file...but the decision makers...can go f*** themselves after what they did to me.

[dixiegrrrrl]

2. Another stop on the karma train.