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Reuters: Citigroup faces $8.9 bln writeoff, capital need: Goldman

Started by chris, June 26, 2008, 01:41:42 PM

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chris

Citigroup faces $8.9 bln writeoff, capital need: Goldman
      


(Reuters) - Citigroup Inc  may suffer $8.9 billion of second-quarter write-downs, forcing it perhaps to cut its dividend again, while Merrill Lynch & Co  may incur $4.2 billion of write-downs, Goldman Sachs & Co analyst William Tanona wrote on Thursday.
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