Citigroup, BofA shares plunge on nationalization rumors (AFP)

Posted by admin on February 22, 2009 under News | 2 Comments to Read

Citigroup, BofA shares plunge on nationalization rumors (AFP)

A pedestrian walks in front of Citibank's office in the financial district of Makati, suburban Manila. Citigroup and Bank of America shares plunged again Friday amid market rumors that the government will nationalize the two big banks, which already have benefited from massive federal bailouts.(AFP/File/Romeo Gacad)AFP – Citigroup and Bank of America shares plunged again Friday amid market rumors that the government will nationalize the two big banks, which already have benefited from massive federal bailouts.


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