Citigroup to Have Emergency Board Meeting - WSJ

Citigroup will have an emergency board meeting this weekend, according to two sources at Wall Street Journal. The subject of the meeting is unclear, but there is certainly more than enough topics investors would like to see addressed such subprime write downs, rumors the company will slash its dividend (full story), and the fact the company has lost about 25% of it market value since October 12th. As the stakes get bigger at the bank, the pressure builds on CEO Chuck Prince, who needs to cut costs and deliver better profit growth. Shares of Citigroup dropped 2.0% to $37.73 in Friday's session.

Sources: Wall Street Journal
Commentary: Question of Solvency at Citigroup • Prince of the Citi • Citi's Off Balance Sheet Liabilities: Spooky as a Halloween Apparition
Stocks to watch: C. Competitors: MER, GS, DB. ETFs: DHS, PRFF
Earnings call transcript: Citigroup Q3 2007

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