Citigroup CEO Weighs Company's Options

The financial crisis is closing in on Citigroup. The banking colossus has more than 200 million customers around the world. But investors are increasingly worried about Citigroup's financial condition. Its share price tumbled more than 25 percent Thursday. CEO Vikram Pandit is weighing his options, including selling off parts of the company or selling the whole company. Citigroup lost half its value this week and is trading at levels not seen since the mid-1990s.

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STEVE INSKEEP, host:

NPR's business news starts with the trouble at Citigroup. This has been one of the financial titans still standing, as other banks collapsed or were brought up in distress. But the financial crisis is closing in on Citigroup. It's a banking colossus with more than 200 million customers around the world. Investors are increasingly worried about Citigroup's financial condition. Yesterday, its shares tumbled again. They've dropped by 50 percent in less than a week. CEO Vikram Pandit is now weighing his options, and they include selling off parts of the company or selling the whole company. The company's stability has been undermined by its falling stock price.

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