Moneysupermarket shares fell 32 percent on Tuesday to close at 59-1/2 pence, in the wake of Barclays' announcement.

Citigroup said it forecast the Money division to account for about 40 percent of moneysupermarket revenues in 2008.

Loans are a major product category, it said. Management expects the direct impact on revenues to be 7 million pounds, and up to 5 million pounds, on adjusted EBITDA.

Citigroup said this would represent a 9 percent downgrade to its current 59 million pounds forecast.

The broker said earnings visibility reduces. It said withdrawal of a major provider will fuel fears that others will follow suit. brian.gorman@thomsonreuters.com btg/rfw

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A class action lawsuit has been filed against Citigroup Global Markets, Inc. ("Citigroup") (NYSE:C) and other related parties in the United States District Court for the Southern District of New York on behalf of purchasers of MAT Five, LLC ("MAT Five"), Case No. 08-CV-4152.

The firms believe investors will achieve better results on their claims through individual arbitration claims rather than through the class action process.

The Statement of Claim alleges that Citigroup misrepresented and omitted material information in the Funds' registration statements and prospectuses concerning the nature and extent of the Funds' and its resulting exposure to the subprime mortgage market.

According to Vincent J. Imbesi, a partner at Avelino & Associates, P.C., and a member of PIABA, a bar association for attorneys who limit their practice to representing investors in FINRA arbitration, "Representatives employed by Citigroup marketed the funds to investors as an alternative to money market funds. Investors thought they were purchasing safe, conservative funds. They received that exact opposite."

Investors who purchased any of the MAT Five Fund can get more information by visiting http://www.avelinolaw.com. Investors can obtain a free legal consultation by contacting Vincent J. Imbesi at 1-(866) 732-2775.

Combined, the law firms of Avelino & Associates and Napoli Bern Ripka, have recovered millions of dollars for investors. Our attorneys have represented hundreds of investors in FINRA arbitrations. No representation is made that the quality of the legal services to be performed is greater than the quality of legal services performed by other lawyers.

This news release was distributed by PrimeNewswire, www.primenewswire.com

SOURCE: The Avelino Law Firm

Avelino & Associates, P.C.
         Vincent J. Imbesi
         1-(866) 732-2775
         vimbesi@avelinolaw.com
         www.avelinolaw.com

Following speculation in May, Awilco announced on Monday that the board has received and is recommending a 85 Norwegian crown per share acquisition from China Oilfield Services. This all cash bid values Awilco at $2.5 billion, in line with Citigroup's base case Net Asset Value.

The broker said it believes Awilcos fleet of newbuild jack-ups and semi-submersibles fits well with COSLs units, which have an average age of 18 and 23 years respectively.

COSL should be able to maintain a good relationship with the Yantai Raffles shipyard in China, where the three semi-submersibles are being built, and where there are two options outstanding for further semi-submersibles, in the broker's opinion.

Citigroup thinks the focus in the short term may shift to possible counter bids. At present, it feels this unlikely, as COSL are paying a fair value.

The broker said it currently does not foresee anything standing in the way of approval for this acquisition, which is due to close late September/early October. tf.TFN-Europe_newsdesk@thomson.com jb1/sal

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The long-term ratings and a stable outlook have been, however, reaffirmed for Citibank, the core banking arm of Citigroup, Crisil said in a statement.

Besides, the rating agency -- the Indian arm of global credit ratings major Standard and Poor's -- has left unchanged its ratings and outlooks for two Indian arms of ABN Amro and one each of foreign players like HSBC, BHW, DBS Bank, DSP Merrill Lynch, ING, Rabobank and Bank of Nova Scotia.

Crisil had previously said it was re-examining its ratings on 27 institutions whose ratings are linked to the global ratings of their foreign parents.

"This re-examination covered aspects like standalone profiles of Indian institutions, assessment of the strength of parent support and mapping of global ratings to Crisil scale." Crisil said it has completed the re-examination for 16 of these institutions and for the remaining 11 it is in the process of concluding its re-assessment.

Crisil said it has found that these foreign parent companies, however, remain committed to support their Indian operations should the need arise, despite the challenging global financial sector environment. The long-term ratings on two companies belonging to the DSP Merrill Lynch Group (DSP Merrill Lynch Ltd and DSP Merrill Lynch Capital Ltd) have been downgraded to AA+ (stable) from AAA (highest safety), and the outlook for these ratings has been revised to negative from stable.

Besides, the outlooks on the long-term ratings of four Citigroup companies -- Citicorp Capital Markets Limited, Citicorp Finance India Limited, Citicorp Maruti Finance Limited, and CitiFinancial Consumer Finance India Limited -- have been revised to negative from stable.

S&P has placed the Citigroup Rating on CreditWatch with negative implications. For the first quarter of 2008, Citigroup has announced a loss of 5.1 billion dollars, while in 2007, it posted a net profit of 3.6 billion dollars, a decline of 83 per cent from a year ago.

Crisil said that while it believes that CCML, CFIL, CMFL, and CCFIL -- the four Indian arms for which outlooks have been revised -- will continue to benefit from the strong support they receive from Citigroup, but the ratings on these companies could be downgraded if there is further deterioration in the credit profile of Citigroup.

The companies whose ratings and outlooks have been retained include ABN Amro Bank, ABN Amro Securities India Ltd, BHW Home Finance, Citibank, DBS Bank, DSP Merrill Lynch Securities Trading Ltd, ING Vysya Bank, Rabo India Finance, The Bank Of Nova Scotia and The Hongkong and Shanghai Banking Corporation Ltd (HSBC).