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The New York Mets Bailout Palace

Published by on April 28, 2009
Article Source: Bleacher Report - MLB

April 28 (Bloomberg)—Citigroup fell in New York trading on concern the company may be forced by regulators to raise additional capital.

Citigroup dropped 8.5 percent to $2.81 after the Wall Street Journal said early results of the government’s so-called stress tests show the bank may need more capital. Company executives are meeting with regulators to dispute the findings, the Journal said, citing unidentified people with knowledge of the matter.

Bank of America, the biggest U.S. bank by assets, and Citigroup, the third-largest, have already received about a combined $90 billion in U.S. bailout funds after record losses from the collapse of the housing market.

April 27 (Yahoo Sports)—No....

Read Complete Article at Bleacher Report - MLB
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