Financial Industry Woes Drag Market Down

Article Date : 14 January 2009

Banks were back in the spotlight again Monday, and not for pleasant reasons, as they helped to drive the equity markets downward. Citigroup led the downward charge, losing about 17 percent of its value. Investors seemed worried about the banking giant's continued and seemingly unquenchable thirst for capital, as well as uncertainty about who's going to be running the place once an opaque management reshuffling is complete...

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Financial Industry Woes Drag Market Down

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