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November 5, 2007: Citigroup stocks suffered following an $11 billion write-down for subprime mortgages, a declining credit rating, and the resignation of CEO Charles Prince.
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Citigroup Crisis Questions
What was Citigroup credit card loses in 2008? 2 AnswersThere is no exact number, but Citigroup "lost $176 million in the second quarter packaging card loans into securities" read more
Does Citigroup look debt heavy? 1 AnswerCitigroup is obviously not a healthy company right now. It does owe mountains of debt. That's clearly one of the reasons its stock price is so depressed and why... read more
How much cash does Citigroup have? 1 AnswerAs of March 31, 2009 ( latest published numbers available ) On a consolidated basis ( all subsidiaries ) the number for currency, coin, cash and "due from banks... read more
How many preferred shares of Citigroup does Singapore Investment Corp own? 1 AnswerAccordingt o their government website they own 8% of Citigroup. They also converted the preferred stock to common stock at an exhange price of 3.25 a share whic... read more
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Citigroup Cisis News and information
- Google News: Citigroup Crisis
- Reuters: Citi stake sale shines spotlight on wealth funds (November 27, 2007)
- AP: HSBC Fund Bailout Raises Citi Questions (November 26, 2007)
- MarketWatch: Citigroup crisis chronology (November 5, 2007)
- The Independent: Citigroup chief quits amid credit crisis (November 5, 2007)
- BBC News: Q&A: Citigroup - what went wrong? (November 5, 2007)
- ABC News: Citigroup chief 'to resign' over subprime crisis (November 4, 2007)
- Muckety.com: Citigroup Inc. large relationship map
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Deep Thought: If the credit crisis is over, and the recession is coming to an end, why are "Citigroup Inc. and .. http://bit.ly/07Wz3Qm
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"el final de la recesión no es el final de la crisis económica". José Luis Martínez, Citigroup
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