Investors Urged to Sell Citigroup Shares

from National Public Radio
November 20, 2007

Investment firm Goldman Sachs Group, Inc. downgrades the investment rating of Citigroup, the biggest U.S. bank. Goldman Sachs initiated the downgrade based on its estimate that Citigroup would have to write down $15 billion over the next two quarters due to its exposure to risky debt.

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