Hot Time, Summer at Citi: Thursday's Chart of the Day

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Hot Time, Summer at Citi: Thursday's Chart of the Day

Hot Time, Summer at Citi: Thursday's Chart of the Day
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Hot Time, Summer at Citi: Thursday's Chart of the Day

by TheStreet 0:54 mins

The heat is on at Citigroup; it's time for the big bank to pay the piper, as others have done, as the company looks to get out from under regulators set to hit it with a multi-billion dollar tab stemming from how Citigroup handled its mortgage practices. The fine, which, according to varying reports, ranges from $7 billion to $10 billion, may impact how Bank of America changes its stance in similar negotiations. The market may not have priced a super-sized fine in on Citi stock, which is already down about 9% so far this year. Today's Chart of the Day could fall even further if the market prices in a bigger tab.

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