Citigroup (C) Hits Multi-Year Lows

March 4, 2008 by Douglas A. McIntyre

Share of Citigroup (NYSE:C) dropped as low as $22.09 this morning, their lowest level in over eight years.

The head of Dubai International Capital said that Citi would need to raise more money. CNBC said the bank may have to cut 30,000 jobs.

In addition, Merrill Lynch cut its earnings forecasts for the bank

Douglas A. McIntyre