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Thursday, March 5, 2009

Bank Skid Sinks Stocks

Stocks fell as financial sector fears returned to center stage. Citigroup shares sank below $1. GM was under $2.

Also spurring the downward spiral, credit-ratings agency Moody's Investors Service warned of pressures on two banks that had held up better than some of their rivals in the credit crisis, Wells Fargo and J.P. Morgan Chase.

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