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Reuters: Citi posts another loss, still wants to buy a bank

Started by chris, October 17, 2008, 09:59:27 AM

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chris

Citi posts another loss, still wants to buy a bank
      


NEW YORK (Reuters) - Housing and credit market turmoil drove Citigroup Inc to its fourth straight quarterly loss and $13 billion of write-downs and credit losses, but the giant U.S. bank still wants to acquire deposits after its bid to acquire much of Wachovia Corp failed.
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