Excerpt from: Individual Equities CFDs and Spread Bets
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| February 27, 2009 | | US government may end up with 36% stake | | Spread betting and contracts for differences on individual equities should consider that the US government is working out a deal to take a 36% stake in Citi. Additionally, the deal would cause problems for 3/4 of the current shareholders.
It is no surprise, then, that Citi shares plunged today. On top of the stake, the government is planning to shake up the Board. All of this is raising concerns in America about Citi nationalisation.
The Dow ended down more than 100 points today, inching every closer to the 7,000 mark as the Citi news, combined with the US GDP news, continued to send jitters through the financial markets. | Topic Tags: contracts for differences, Dow, individual equities, spread betting, spread betting equities, US government, US government Citi | |
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