Citigroup exit from Dow cements bank's downfall

06-01-2009 • Reuters

Citigroup's run of ignominy has now come to this: losing its coveted spot in the Dow Jones industrial average to a former unit. Dow Jones Indexes said the property and casualty insurer Travelers will replace Citigroup in its flagship 30-stock index of blue-chip stocks, effective June 8.

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