The Bottom Line
E-Trade Financial shares dropped 59 percent yesterday after a Citigroup analyst estimated there is a 15 percent chance that heavy losses from subprime mortgages could force the online brokerage into bankruptcy.
E-Trade Financial shares dropped 59 percent yesterday after a Citigroup analyst estimated there is a 15 percent chance that heavy losses from subprime mortgages could force the online brokerage into bankruptcy. “We take exception to the sensationalism based on unfounded speculation,” E-Trade responded. E-Trade shares are down 84 percent on the year. (Los Angeles Times, free registration required)
A free daily email with the biggest news stories of the day – and the best features from TheWeek.com
The Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.

Sign up for The Week's Free Newsletters
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
-
Apple bows to Trump administration pressure over ICE tracking apps
In the Spotlight It’s the latest company to capitulate to Trump’s demands
-
Can TrumpRx really lower drug prices?
Today’s Big Question Pfizer’s deal with Trump sent drugmaker stocks higher
-
‘Every argument has a rational, emotional, and rhetorical component’
Instant Opinion Opinion, comment and editorials of the day