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Are you affected by the credit crunch?
Investor pressure has lead to the resignation of Charles Prince, chairman and chief executive of the world's biggest bank, Citigroup. What's your reaction?
The bank had reported a 57% drop in quarterly profits, following losses in the sub-prime mortgage market.
Mr Prince is the second head of a leading US bank to step down within a week.
The head of Merrill Lynch, Stan O'Neal, resigned after reporting heavy losses.
While fewer sub-prime loans are made outside the US, financial institutions in other countries could also be hit by the overhang of bad mortgage debts which were sold around the world.
What do you think needs to be done to address the problem? Are you a customer of Citigroup? Are you thinking of closing your account or withdrawing money?
Investor pressure has lead to the resignation of Charles Prince, chairman and chief executive of the world's biggest bank, Citigroup. What's your reaction?
The bank had reported a 57% drop in quarterly profits, following losses in the sub-prime mortgage market.
Mr Prince is the second head of a leading US bank to step down within a week.
The head of Merrill Lynch, Stan O'Neal, resigned after reporting heavy losses.
While fewer sub-prime loans are made outside the US, financial institutions in other countries could also be hit by the overhang of bad mortgage debts which were sold around the world.
What do you think needs to be done to address the problem? Are you a customer of Citigroup? Are you thinking of closing your account or withdrawing money?
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