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The New York Stock exchange index composite fell lower into the red as of last session close in the United States. The index was lower by 85.99 and ended the session at 8104.92. Listed volume for the composite on this day posted at 4,743,709,000. Previously, at the halfway point this trading week, the NYSE was trending higher by .21%. The 52 week high was 8194.69 and the 52 week low was 8165.56. Composite news reveals that NYSE is taking action to suspend Capitol Bancorp Limited and Related Securities and has determined that the common stock of Capitol Bancorp Limited, ticker symbol CBC, as well as CBC PRA, and CBC PRB, should be suspended prior to opening market session on January 27th, 2011. The NYSE believes that standards were not met by the company and have made public notice of the suspension. The specific detail of the suspension was reached in relation to the fact that the Company had fallen below the New York Stock Exchange’s continued listed standard regarding average global market capitalization over a consecutive 30 day trading period of less than $15 million. Capitol Bancorp is a publicly traded banking company with a network of separately chartred banks located in towns and cities across our nation from the east to west coast. Author: Frank Matto
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