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2021-10-13

Citigroup

Slammed by losses tied to bad mortgages and other distressed holdings in 2008, it required more U.S. taxpayer support than any other bank in the financial crisis. 

In 2009 its stock price dipped below $1. 

Even now, the shares trade 86% lower than 15 years ago.

https://www.bloomberg.com/news/features/2021-10-13/can-ceo-jane-fraser-fix-citigroup


Citigroup, the nation's third-largest bank by assets, was on the verge of being closed by regulators the week of Nov. 24, 2008

https://www.internetional.se/citiskulder.htm#verge


Chuck Prince, a former head of Citigroup, who was asked why the bank was still lending in mid-2007, just before the financial crisis.

“As long as the music is playing, you’ve got to get up and dance,” he said.

https://www.internetional.se/citiskulder.htm

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