FT.com / Companies / Banks – Citi crisis deepens as shares fall further: “Citigroup’s shares lost nearly a fifth of their value on Friday as its board met in an attempt to halt a crisis of confidence in the troubled financial services group.
People close to the situation said the board was discussing a series of options, including the position of Vikram Pandit, its chief executive, and the sale of some of its businesses or even the whole company”
This is a concern. I think there will be a run on Citi next week.
If this happens this will create another dive and loss of confidence in the market.
We will see what happens, and I am not sure what will if this does.