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November 21, 2008

Report: Citigroup Board Considers Selling Off Company
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Stocks in Citigroup fell a record 26 percent yesterday as concern grows
over the future of what was once the nation’s largest bank. Citigroup
shares have lost half their value this week even though the government
injected $25 billion into the bank last month. Citigroup’s board is
holding an emergency meeting today. The Wall Street Journal reports the
board is considering selling off the entire company to another bank or
to sell off parts of the firm. Earlier this week, Citigroup announced
plans to lay off 52,000 workers.



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