(EMAILWIRE.COM, February 05, 2010 )
Dallas, Tx - Citigroup Inc. (NYSE:C) declined 5.64% to $3.18 on 450.30 million shares after Dow Jones reported that Citigroup Inc. is seeking a long-term partner in China to form a brokerage joint venture. Foreign firms are only allowed to operate investment banking and brokerage businesses in China through a joint venture with a local firm. Foreign investors' holdings in such joint ventures are capped at 33%.

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Bank of America Corporation (NYSE:BAC) lost 3.35% to $15.01 on 252.56 million shares after Bank of America Corp has approved more than $4 billion in 2009 pay for its investment bankers and traders, according to the Wall Street Journal. Earlier on Tuesday, Bank of America Corp said in a regulatory filing that Chief Executive Brian Moynihan would receive a new base salary of $950,000 beginning on January 1. The payout is about 19 percent of the $23 billion in revenue the company made from its investment banking and capital markets divisions, according to the Journal, citing a person familiar with the matter.

Goldman Sachs Group, Inc. (NYSE:GS) plunged 4.17% to $150.68 on 18.89 million shares. The stock hit an intraday high and an intraday low of $156.06 and $150.45 respectively. In the last six months the stock went down over 8%. The Goldman Sachs Group, Inc. is a bank holding company and global investment banking, securities and investment management firm that provides services worldwide to corporations, financial institutions, governments and high-net-worth individuals.

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