Wednesday, October 29, 2008

Investors losing faith in Citigroup

Analysts speculate that the nation's fourth-largest bank needs to make a deal sometime in the near future.



NEW YORK (CNNMoney.com) -- What now, Citigroup?

That is the biggest question that investors are itching to have answered by the nation's fourth largest bank by deposits.

It has certainly been an interesting time for the New York City-based firm to say the least. Earlier this month, it was one of the first nine banks chosen by the Treasury Department to receive a cash injection in exchange for stock. Citigroup will receive $25 billion.


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