Posted In: Investing, Wall Street
Citigroup says it could face as much as $11 billion more in losses -- after it took almost $6 billion in write-offs last month. Former Treasury Secretary Robert Rubin has been elevated to chairman to fix things. But what will happen to its retail banking business? Jill Barshay reports.
Posted In: Wall Street
Bank stocks got hammered for a second straight day today. Most are at 12-month lows and some are sinking even deeper. It's all about the subprime mess. But while investors are spooked, some analysts say the sector is doing just fine. Jill Barshay reports.