Citi shares fall on auction-rate securities news

Thu Aug 7, 2008 3:52pm EDT
 
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NEW YORK (Reuters) - Shares of Citigroup added to losses on Thursday, after the New York attorney general said the bank had agreed to buy back more than $7 billion of auction-rate securities.

The shares, which were already down about 2 percent before the announcement, are now down 4.3 percent at $18.85 on the day.

(Reporting by Kristina Cooke, Editing by Chizu Nomiyama)

 

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