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Empresas y finanzas

Citigroup shares tumble below $1


    NEW YORK (Reuters) - Shares of Citigroup , once the world's most valuable bank, tumbled below $1 on Thursday, taking its year-to-date drop to 85 percent.

    CITIGROUP (C.NY) a Dow component, fell more than 13 percent to an intraday low of $0.98, hammered by continued fears over the bank's health and ability to avert nationalization.

    About two years ago, Citi's market value was above $270 billion. Today its market cap is a little over $5.4 billion.

    (Reporting by Deepa Seetharaman; Editing by James Dalgleish)