Citibank shares fall below US$1
06-03-2009
Shares in the American bank Citigroup have fallen below US$1 for the first time ever in a sign that investors are losing confidence in the lender which operates in more than 100 countries. The share price fall left the bank with a market value below US$6 billion, down from more than US$277 billion in late 2006. The decline comes despite the bank receiving US$45 billion of taxpayer-funded capital since October, and federal efforts to stimulate the economy and lending.
