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Reuters: Citi sees $9 bln writedowns at U.S. investment banks

Started by chris, March 10, 2008, 04:01:02 PM

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chris

March 10, 2008, 04:01:02 PM
Citi sees $9 bln writedowns at U.S. investment banks
      

(Reuters) - Citigroup forecast $9 billion of writedowns at U.S. investment banks in the first quarter of 2008, primarily driven by additional leveraged loan and mortgage-related losses.
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