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...
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