Citigroup (C) CEO Pandit Say Bank’s Revenue Is “strong and stable”: Shares Stay Below $10

Posted: November 14, 2008 at 3:14 pm

Cammonopoly_wideweb__430x3250_2According to Bloomberg,  Citigroup Inc. Chief Executive Officer Vikram Pandit sought to reassure employees today, saying in an internal memo that the bank’s revenue is “strong and stable” and its capital “plentiful.”’.

For some reason the stock did not react and is trading flat at $9.50.

Douglas A. McIntyre

Read more: Banking,
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