Goldman says sell Citigroup amid credit woes

11:51 am ET Nov 19, 2007

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Goldman says sell Citigroup amid credit woes

NEW YORK
Goldman Sachs analyst William Tanona on Monday recommended that clients
sell Citigroup shares, because the bank's financial problems are likely
to grow, and spread beyond current write downs for subprime mortgage
losses and into its consumer business like credit cards and retail
banking.

Market Snapshot: U.S. stocks under pressure; Dow flirts with 13,000
level

NEW YORK
U.S. stocks fell further Monday, with the Dow industrials down more than
150 points, after Goldman Sachs downgraded Citigroup Inc., saying it
envisions more credit-related hits at the banking powerhouse.

Weak U.S. dollar to be discussed by OPEC's finance ministers

NEW YORK
OPEC's finance ministers will discuss the effect of the weak U.S. dollar
on oil revenues before the next meeting of the Organization of Petroleum
Exporting Countries' energy ministers in December.

Asia Markets: CORRECT: Asian stocks end lower as volatility persists

HONG KONG
Several Asian markets came off their day's highs to end lower after a
volatile session on Monday.

Standard Chartered shares up on overture from China banks

HONG KONG
Shares of Standard Chartered climbed 4.6% in early London trading
Monday, bolstered by reports that three leading Chinese banks have
sought to acquire stakes in the U.K-lender.