Citigroup which is one of the biggest banks in the United States may sell some part of its business. According to a story published in the Wall Street Journal it may merge with another bank. The share price of Citibank have lost more than half of their value and even a big investment by a Saudi Prince have not been able to boost the confidence of investors.
If Citibank has to merge with another bank in order to survive, I think that this would be the worst casuality of the financial crisis. This also indicates that the crisis is far from over.
Citigroup which is one of the biggest banks in the United States may sell some part of its business. According to a story published in the Wall Street Journal it may merge with another bank. The share price of Citibank have lost more than half of their value and even a big investment by a Saudi Prince have not been able to boost the confidence of investors.
If Citibank has to merge with another bank in order to survive, I think that this would be the worst casuality of the financial crisis. This also indicates that the crisis is far from over.
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