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Citi: We’re still married to the Mets

CItigroup affirmed its commitment to naming rights for the new Mets ballpark, despite a recent downturn in its stock price.
Citigroup officials reaffirmed their commitment to the firm’s naming-rights deal for Citi Field, despite a downturn in the firm’s stock price.

Reuters had named unnamed sources as saying the nation’s second-largest bank was looking to shed assets and making other adjustments to prop investor confidence in the firm. But both the Mets and Citibank officials shot down the notion that Citibank would walk away from the 20-year, $40-million deal.

"We remain committed to our relationship with the Mets," Citigroup spokesman Steve Silverman told Reuters. "It’s an important marketing priority for us."

The firm’s stock price has fallen by more than half this week.