Citi and Major Banks Stabilizing

http://www.portfolio.com/news-markets/top-5/2008/07/18/Citigroup-Narrows-Loss?TID=email/news/top5
Been Down So Long It Looks Like Up to Me, is the title of the novel by Richard Fariña. It could also describe how investors are looking at America’s biggest bank.
The bank had its third consecutive quarter in the red, reporting a $2.5 billion loss. It took another $7 billion of write-downs on top of [...]