GLOBAL MARKETS-Global stocks fall on Citi news; safe havens rise – Reuters- Topic: Stock Trading News
GDP report, after week’s big rise (Recasts with U. NEW YORK, Feb 27 (Reuters) – Global stocks fell sharply on Friday after the U. Investors worried other banks might see similar action as Washington struggles to stabilize U. But the Citigroup move, one of the most dramatic efforts to prop up ailing banks, pushed the benchmark S&P 500 to lows last seen April 1997. The government will swap up to $25 billion of its preferred shares into common stock. read more
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