Citigroup Share Price Below $1

Once the largest bank in US is facing crisis and requires more government bailouts. Citigroup share price has tumbled to below a dollar on 5th March 2009, due to poor confidence of investors.

The major downfall of citigroup is caused by subprime mortgage losses of more than $17 billion.

Citigroup lasting trading share price is at $1.02, down $0.11 or 9.73% on a volume of 468.65 million shares on the NYSE.

Will Citigroup survive this storm?