Goldman Sachs financial services analysts have stamped Citigroup with a sell. They say that the bank may have to write down as much as $11 billion for the fourth quarter, after taking a $6.5 billion hit in the third quarter, due largely to mortgage concerns. Capital ratios remain an issue, and the report suggests that dividend action cannot be ruled out, as other analysts have suggested. The lack of a CEO may result in Citigroup being "unable to either capitalize on business relationships or utilize its balance sheet," read: they may lose key customers and are constrained from making any deals. The issue is how long this will affect the bank. Any new CEO will not be able to turn this ship around quickly. So these woes could linger. The hits keep coming.  

For more:
- here's an AP article