Citigroup CEO Weighs Company's Options
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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