Citigroup joins penny stocks

Click to follow
The Independent Online

Shares in Citigroup, once the world's biggest bank, fell below $1 yesterday, taking its year to date drop to 85 per cent. Under New York Stock Exchange rules, any stock trading below $1 for more than 30 consecutive days is automatically removed from the board. The rule is under review, however, such has been the collapse in equity prices in recent months.

Comments