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Citigroup Writes Down $13 B

... Citigroup, exactly after a deacde of mega merger put togehter between Citibank and Travelers, reported its second quarterly loss in a row. Citi reported a loss of $1.02 per share compared to net income of $1.01 a year ago after revenue plunged 48% to $13.2 billion in the first quarter. Citigroup, sprawling conglomerate of international banking, insurance and investment broker employs 300,000 people. ... [full article] (74 views)
This bookmark is tagged as: Business News | Citigroup | Market Update
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