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Citigroup, AIG Dampen Wall Street's Optimism |
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Contributed by Administrator
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Investors have been growing cautiously optimistic in recent days that the worst of the credit crisis is over. But now, there's fresh evidence that there's still trouble looming. The insurance giant AIG announced a huge loss related to bad mortgage debt, and Citigroup, the nation's largest bank, is going to sell off some $400 billion in assets as it seeks to become more efficient. » E-Mail This » Add to Del.icio.us Read more at: |