Tagged with 'usa'

Citi, Bank of America drop on nationalization concern

Citi shares dropped 21% to $1.99, their lowest level since early 1991. Bank of America fell 17% to $3.27, and earlier touched a record low of $3.19, according to FactSet Research data.
A Citigroup (C:1.96, -0.55, -21.9%) spokesman highlighted the bank’s high Tier
1 capital ratio, a measure of financial strength, and said it continues to [...]


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