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What could be the long term effects of the sub-prime crisis looking on the biggest American bank CITIGROUP?

   
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Title: What could be the long term effects of the sub-prime crisis looking on the biggest American bank CITIGROUP?
 
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Subject: Business
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Date: February 5, 2009
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Length: 11 / 2879
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A month later New Century Financial (one of the biggest sub-prime lenders in the states) feared that it might be heading for bankruptcy. In the beginning of April New Century Financial had to repurchase billions of bad mortgage loans and cut half of its employees (3,200)...
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In the beginning of April New Century Financial had to repurchase billions of bad mortgage loans and cut half of its employees (3,200). In May business analysts said that the US economy would slow down. In the end of July it affected the Down Jones which slipped due to worries...
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