Wird wohl wieder ein Frage:? /Antwort verweigert Spiel.
Außerdem verläuft bei ca. 20$ erst eine ältere Unterstützung
Citigroup, J.P. Morgan Off on Enron Worry
NEW YORK (Reuters) - Shares of Citigroup Inc. (NYSE:C - News) and J.P. Morgan Chase & Co. Inc. (NYSE:JPM - News) dropped anew on Tuesday, as concerns grew that the two largest U.S. banking companies may have peddled the type of disguised loans used by bankrupt energy trader Enron Corp. (Other OTC:ENRNQ.PK - News) to other firms.
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"The real problem is that nobody knows what's going on," said Dion Darham, an analyst at Arnold & Bleichroeder."If they've been pitching these kinds of deals to other people, the fear is these kinds of structured finance deals might come back to haunt them."
A U.S. congressional panel will address Wall Street banks' ties to Enron on Tuesday. Investigators for the Senate Permanent Subcommittee on Investigations on Monday said major investment banks helped Enron for years by lending the collapsed energy trader billions of dollars via elaborately disguised commodity trades.
Shares of Citigroup, the No. 1 U.S. financial services firm, dropped 14 percent, or $4.48, to $27.56, after hitting a low of $27.50, unseen since February 1999. Shares of J.P. Morgan fell 11.2 percent, or $2.74, to $21.78 on the New York Stock Exchange.
"Everybody's a little bit nervous about Citigroup and J.P. Morgan," said Reilly Tierney, an analyst at Fox-Pitt, Kelton."There's this testimony on Capitol Hill that's supposed to play out this afternoon, at this committee investigating the banks' role with Enron. They're going to reveal their findings. That makes everybody nervous because that's the type of thing that's outside the box. It's just very tough to quantify."
Fears about rising bad loans and tainted corporate lending relationships hit the banks' stocks too. J.P. Morgan and Citigroup were among the leading lenders to bankrupt telecommunications company WorldCom Group (Nasdaq:WCOEQ - News), which last month disclosed one of the biggest accounting scandals ever.
The National Association of Securities Dealers also is investing a high-profile analyst at a Citigroup unit, Jack Grubman, over why he kept a"buy" rating on now-bankrupt competitive local exchange carrier Winstar Communications as its financial problems widened.
The Wall Street Journal on Tuesday said J.P. Morgan and Citigroup marketed the sort of deceptive financial transactions they allegedly created for Enron to a host of other firms, citing testimony a senior congressional investigator is expected to give at the hearings on Tuesday.
Investigators for the Senate panel said Enron, bankrupt since December, obtained $8.5 billion in financing from 1992 to 2001 from Citigroup and J.P. Morgan, which collected hefty fees and interest payments.
Citigroup fell $3.96 a share to $32.04 and J.P. Morgan fell $2.58 to $24.52 a share on Monday.
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