Citigroup (citibank) to go bust next?

Citigroup Inc lost more than 25% of its market value on Thursday amid growingfears over whether it has enough cash to withstand the billions of dollars of expected losses.

The second-largest U.S. bank by assets is looking at its options now, including a sale of parts of the company or a merger with another financial firm. The stock has fallen 50% this week and there is no sign of recovery despite new support from its largest individual investor Saudi Prince Alwaleed bin Talal  who plans to increase his stake in Citigroup to 5%

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One Response to Citigroup (citibank) to go bust next?

  1. scott says:

    good luck, don’t let the door hit you. For so many loan holders these big banks have for years had zero concern for their plights while profiteering has run amuck. Huge palaces for them and foreclosures for the rest of us! I say good bye! We as a people need smaller banks that hold our interests in heart and not the global markets. I would tell every citi bank depositor to make a run on the bank now and send them into the abyss. It is damn time all these companies listen to us after all it our money that built them and we have the power to remove that money in no confidence and allow that institution to belly up. By the way kiss the big 3 car co. bye bye too. far too long have we been paying way to much for labor jobs. 30.00 per hour to assemble a car? If we as americans do not take our own economy i hand we will lose it all, and I for one will not accept the latter!

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