Thursday, Jun 26, 2008
Biggest bank in the world goes pop
Reuters: Citigroup sinks to 10-year low, Goldman urges short sale
"Citigroup Inc (NYSE:C - News) shares fell to their lowest level in nearly a decade after a Goldman Sachs & Co analyst said investors should sell the largest U.S. bank's stock short as losses mount from troubled debt.". I guess the CEO's assertion, not long ago, that the worst of it was over was a little off the mark. That's a potential 350,000 people who's jobs would be at risk if it went down.
Posted by crutchley @ 04:36 PM (444 views) Add Comment
2 Comments
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1. sold 2 rent 1 said...
a Goldman Sachs & Co analyst said...blah blah blah... orchistrated bust
2. mark wadsworth said...
"whose"