Shares in Citigroup have jumped by almost 60% as investors welcomed the US government's rescue plan for the bank.
The US Treasury is set to invest $20bn (£13.4bn) in return for preferred shares in the troubled banking giant.
The Treasury and the Federal Deposit Insurance Corp will also guarantee up to $306bn (£205bn) of risky loans and securities on Citigroup's books.
"Equity markets have responded positively to the Citigroup news," said Neil Mackinnon at ECU Group.
The new plan follows a $25bn injection of public funds in the bank last month.
Citigroup's market value fell to $20.5bn on Friday, compared with $270bn in 2006, as its shares plunged by more than 60% last week.
However they rallied by 58% on Monday.
The company has announced 52,000 job losses worldwide, on top of 23,000 job cuts previously announced. It employs around 12,000 people in the UK. - BBC
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