Friday, November 02, 2007

Breaking News on Citigroup [one of the named defendants member banks]

Several news sources are reporting on the imminent ouster of Citigroup Inc.® chief executive Charles Prince.

The WSJ's Robin Sidel is reporting [click
here, subscription required] that "Charles Prince, the beleaguered chief executive of Citigroup Inc., is planning to resign at a board meeting on Sunday, according to people familiar with the situation.... Citigroup has lost more than a fifth of its market value since Oct. 12."