Citigroup single quarter deficit 98 million seismic global stock markets

United States the biggest bank Citigroup announced yesterday, involvement in nearly 180 billion of subprime mortgage-related assets of the Canton, the line in the fourth quarter of last year Ltd 98.3 billion, as Citigroup largest quarterly loss, also exceeded the previous market most pessimistic expectations. Affected by this, after the United States yesterday opened three major stock index fell line.

: The United States largest bank http://Citigroup announced yesterday, involvement in nearly $ 18 billion of subprime mortgage-related assets of the Canton, the line in the fourth quarter of last year Ltd 98.3 billion, as Citigroup largest quarterly loss, also exceeded the previous market most pessimistic expectations.

Citi suffered losses in the history of rare, plus the United States last night launched last December retail sales drop significantly exceed the expected, allowing investors to the United States financial services industry and the overall economy increasingly worried about the future. Affected by this, after the United States yesterday opened three major stock index fell line. DJI opening 100 point decreases. As Beijing time yesterday 23: 48 pm, DJI fall 207 points, or 1.6%; sandp 500 index and is satisfied that means both fell more than 2%.

Europe's largest stock market declines in continuous expansion, the Beijing times yesterday 23: 48 pm, Paris stock markets plunge 2.8%, the London stock market plunged 2.8%, Frankfurt stock market plunged 1.7%.

Before the end of the American and European stock market transactions in the Asia-Pacific markets are generally big setback yesterday. Nikkei index closing plunge 0.98% since 2005, the first time since November fell 14000 point integer. China Hong Kong stock market also fell 2.38%, the Hang Seng index fell 26000 points last September to lowest closing price. Singapore stock market fell 2%, the lowest point of 5 months. Korea, India, Indonesia and other stock market declines have more than 1%.

One bad news, but also strengthens the market for the United States will continue to cut interest rates to stimulate the economic expectations. Therefore, the dollar continued to go down yesterday. Where once the dollar against the yen fell 1% to two and a half years since the low point. Euro against the US dollar also surpassed 1.4900, direct push last November, the high point of the historical record.

In order to bridge the funding gap, Citigroup yesterday also announced a second round of financing programmes, plans, through the sale of convertible preferred stock to the Government of Singapore Investment Corporation, the Kuwait Investment Authority and Saudi Prince Al-Waleed, domestic and foreign investors and financing for a total of 145 million. Soon to be published in the quarterly bulletin of 17 days also on the same day, Merrill Lynch, announced plans to the Kuwait Investment Authority and Japan Mizuho Financial Group, corporate finance 66 billion.