Is citigroup the next banking and investment company that is poised to fail? Citigroup which has operations ranging from banking to mortgages to investments watched their stock fall more than 50% in the past week, with the bottom still not in sight.
There is the real danger of additional investors who operate on the premise of not owning, buying or holding stock that is below the $10 and $5 per share benchmark, selling off their holdings driving the stock price down even further.
With the board of directors meeting on Friday in an attempt to stop the bleeding and or find a suitable company to buy them out, the writing is on the wall, Citigroup will fall, the ony question is when and how hard.
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