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Citi Lifeline Stokes Investor Angst

3545884Investors reacted with disappointment to Citigroup's most recent financial rescue plan.

After the government announced it will give $25 billion in emergency bailout money for as much as a 36 percent equity stake in the bank, Citi stocks plunged in afternoon trading.

Shares fell 96 cents, or 39 percent, to $1.50. - a new 52-week low.

Citigroup investors are apparently apprehensive about how much their holdings would be weakened by the major increase in government ownership.
  • Stephen Smith

    Stephen Smith is a senior editor for