Citigroup Loses More Than One-Quarter Of Its Market Value

Reuters:

Citigroup Inc lost more than one-quarter of its market value on growing worries over whether it has enough capital to withstand billions of dollars of potential losses and despite new support from its largest individual investor.

Saudi Prince Alwaleed bin Talal said he plans to increase his stake in Citigroup, the No. 2 U.S. bank by assets, to 5 percent from less than 4 percent, calling its shares "dramatically undervalued."

Read the whole story: Reuters

Comments

[schoolmaster]

What would happen to the shareholders who have invested in citi during the down fall, if it is sold out?
The share value fell so much that any hopes of the share holders for recovered will be dashed? Is'nt it?

[jalowe1957]

"Dramatically undervalued?"

If he wants to pour money down a black hole, that's his prerogative.

[funkalicious]

We can only hope that any advice that Robert Rubin is bestowing upon Obama has been discounted by at least half.

Citi Group has lost nearly 81% since 2001. Rubin that's a heck of a job buddy boy.
Once a worth of 270 billion now 25 billion that's a big case of the Dropsies.

All the while Rob Rubin as the senior counsel and adviser to the ship of fools. I hope that isn't the talent we will be rewarding.­...with the Paulson bonus baby money.

[munki]

Must review... accountable executives should not by siphoning the company, but be accountabl­e...
Tell the truth!

[rabiddog6708]

No more free toasters when you open an account?