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

Chaos is not a ladder: Navigating human behaviour at times of market stress

Chaos is not a ladder: Navigating human behaviour at times of market stress

'It is important to maintain perspective'

Sacha Chorley
clock 09 March 2026 • 4 min read
Four reasons why direct engagement can still make a difference

Four reasons why direct engagement can still make a difference

'Quantitative data arguably tells only half the story'

Simon Wood
clock 05 March 2026 • 4 min read
Darius McDermott: Is income under pressure?

Darius McDermott: Is income under pressure?

‘The period of abundant income is ebbing'

Darius McDermott
clock 04 March 2026 • 5 min read