Markets mixed as Citigroup dives 20% again

clock

Citigroup's share price has plummeted over 20% again this morning, bringing the beleaguered banking giant's declines to 55% in just over two days trading.

Once the largest bank in the US, Citi's market capitalisation now stands at $21bn, nearly a quarter of Wall Street rival JPMorgan Chase. Citi chief executive Vikrum Pandit hit out at the "rumor mongering" in a conference call to staff today, CNBC reports. While Citi struggles, Wall Street has opened positive this morning after two sessions of strong losses. The Dow Jones IA is currently 12.42 points higher, or 0.16%, to 7,564.71. In London, the FTSE 100 continues to slide this afternoon, down 52.91 points, or 1.37%, to 3,822.08. Aviva is bucking the trend however; the insurer is up ne...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Investment

Party politics: Why investors should celebrate AIM's 30th birthday, even if the government won't

Party politics: Why investors should celebrate AIM's 30th birthday, even if the government won't

AIM has helped 4,000 businesses raise £135bn since launch

Eustace Santa Barbara
clock 19 June 2025 • 4 min read
AIM at 30: Why advisers should take a fresh look at the UK's junior market

AIM at 30: Why advisers should take a fresh look at the UK's junior market

'We see AIM as a jewel in the crown with long-term appeal for the right clients'

Oliver Brown
clock 17 June 2025 • 4 min read
Taking the rough with the smooth: How to navigate global market volatility

Taking the rough with the smooth: How to navigate global market volatility

'Like investing, smoothing isn't one-size-fits-all'

James Tothill
clock 13 June 2025 • 4 min read