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Citi shares drop after CFO's write-down comments
NEW YORK |
NEW YORK (Reuters) - Shares of Citigroup Inc dropped more than 3 percent to $19.66 on the New York Stock Exchange on Thursday after Chief Financial Officer Gary Crittenden told investors that the largest U.S. bank could have substantial subprime write-downs in the second quarter.
Crittenden spoke on a Deutsche Bank Securities investor conference call. Before his comments Citigroup shares had been up nearly 1 percent.
(Reporting by Ellis Mnyandu; Editing by Leslie Adler)
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