Citigroup stock sinks after-hours as credit jitters hit banks, even after BlackRock deal
Citigroup shares fell 4.5% to $110.19 in after-hours trading Friday, following a broad selloff in U.S. bank stocks. The drop came after the collapse of UK mortgage provider Market Financial Solutions revived concerns about private credit risks and persistent inflation dampened hopes for Fed rate cuts. About 18 million Citi shares changed hands. The S&P 500 bank index slid roughly 4%.