Citigroup, Inc (NYSE: C) on Thursday, March 5th, traded under $1 per share, thus for a brief period becoming a penny stock. This represents a huge transition for the company, who was once known as the global financial super market. To put the situation in context, at the start of 2007, Citi was the largest bank not only by assets, but also by market capitalization (which has been decimated by the stock’s decline in 2008 and early 2009; Citi is down by more than 95% from a year ago, which has shrunk its market cap from $270B in early 2007 to $5.65B now). Many questions regarding Citi are still unanswered. What has been the root cause of the disaster at Citi (one could argue that the financial crisis is to blame, but then again other giants in the industry are fairing much better than Citi)? What is going to be the future of Citi as we know it? Should CEO Vikram Pandit lose his job?
Given that Citi already is or can be a potential employer of ours, this topic should be especially interesting for many of you. Please feel free to post your comments regarding the questions posed above or any other relevant issues regarding Citi’s future.

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