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The New York Times on Citigroup:

Within the bank’s Manhattan offices, television screens have stopped displaying the company’s stock price. Traders have begun making jokes comparing Citigroup to the Titanic.

Also, remember that Goldman Sachs IPO from nine years ago?

Shares of The Goldman Sachs Group Inc. closed below their initial offering price of $53 on Thursday, a first since the company went public in May 1999.

The stock dipped as low as $49 in intraday trading, closing at $52.36.

The New York-based company’s shares reached a high of $247.97 on Oct. 31, 2007, creating a market value of $105 billion.

Posted by edelfenbein at November 21, 2008 11:10 AM