ADVFN - Advanced Financial Network.
HOME» NYSE » C » C Stock Price » C Stock News

Citigroup Share News

 Citigroup Stock Price
C Stock Price
 Citigroup Stock Chart
C Stock Chart
 Citigroup Stock News
C Stock News
 Citigroup Company Information
C Company Information
 Citigroup Stock Trades
C Stock Trades

U.S. Financials Fall On Spain Fears, Joining European Stocks

By Erik Holm and Mia Lamar Led by Citigroup Inc.'s (C) 2.2% drop, the major U.S. banks joined their European counterparts in trading down Monday on new fears about a potential bailout for Spain. Fears about Spain's fate heightened as yields on Spanish government bonds hit their highest since the inception of the euro. If Spain is shut out of financial markets, it could require yet more help from its euro-zone peers just a month after seeking help for its banking sector. Meanwhile, several Spanish regions said they will ask the central government for help and the Bank of Spain said the country's economy contracted in the second quarter. The news sent markets down sharply across all of Europe, with the Euro Stoxx 50 index dropping 2.3%. Investors sought shelter in assets that appeared safe; U.S. financial stocks weren't among them. Citigroup declined 2.2% to $25.31, Morgan Stanley fell 1.6% to $12.59, and Goldman Sachs Group Inc. (GS) dropped 1.5% to $92.72. Bank of America Corp. (BAC) dropped 1.3% to $6.98 while Wells Fargo & Co. fell 0.4% to $33.66. U.S. insurers also tumbled: American International Group Inc. (AIG) declined 3.2% to $30.03 and MetLife Inc. (MET) was off 2.5% to $28.79. "I think some people wanted to forget about what's going on in Europe but now the negative headlines are rearing their head again," said Jonathan Corpina, senior managing partner at NYSE-floor broker Meridian Equity Partners. "When you have headlines that talk about global economic debt loads, everything goes in the same pot together--whether its financials, currencies, commodities." The yield on the 10-year U.S. Treasury note fell to a record low of 1.406%. In a German debt sale, the country was paid by investors looking to park their funds. German bunds and U.K. gilts also rallied as investors sought safety. Write to Erik Holm at erik.holm@dowjones.com Subscribe to WSJ: http://online.wsj.com?mod=djnwires

Stock News for Citigroup (C)
DateTimeHeadline
11/25/201415:59:42CMBS Make a Comeback in Europe
11/25/201409:23:25Pakistan to Price Sukuk as Early as Wednesday
11/24/201417:07:34U.S. Stocks Close Higher
11/24/201415:00:16U.S. Stocks Pare Gains
11/24/201412:20:14Finra Fines Citigroup $15 Million -- 2nd Update
11/21/201411:22:03Victory for Anti-EU Party Shows Cracks in U.K. Politics--Update
11/20/201419:50:06Alibaba Becomes Wall Street's Favorite Customer -- 3rd Update
11/20/201413:22:06Average Wall St. Pay to Rise 4% This Year -- Update
11/19/201421:48:29Correction to OneMain Article
11/19/201420:40:24Bank Payouts for Government-Job Takers Under Fire
11/19/201420:01:33Senate Hearing to Probe Air Bag Recall Delays, Deals
11/19/201419:44:14Springleaf, Centerbridge Weigh Bids for Citigroup's OneMain
11/19/201416:49:44Life Agent's Career Highlights Changes in Industry
11/19/201413:00:09DOJ Collected Record $24 Billion in Fiscal 2014
11/19/201412:34:49Justice Department Collected Record $24 Billion in Fiscal 2014
11/18/201420:10:06Canada Regulator Probes Rerouting Stock Orders to U.S.
11/17/201417:43:57Talisman Energy in Talks to Sell Marcellus Pipeline Operations...
11/17/201405:53:40Turkey Mandates Banks to Issue 10-Year Dollar-Denominated Sukuk
11/14/201407:43:59Correction to Swiss Franc Story
11/14/201407:38:17Swiss Franc Falls Ahead of Gold Vote

Citigroup and other New York Stock Exchange stock quotes are delayed by at least 20 minutes.
All other stock price data is delayed by at least 15 minutes unless otherwise stated.
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Contact Us | Copyright 1999-2007 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations

ADVFNADVFN ItalyADVFN GermanyADVFN FranceADVFN BrazilADVFN JapanADVFN UKADVFN US noad