Citigroup $2.5 billion loss soothes investors
(Reuters)
<p><img src="http://d.yimg.com/us.yimg.com/p/afp/20080718/capt.cps.nak40.180708143130.photo00.photo.default-512x351.jpg?x=130&y=89&q=85&sig=boKS4UwQ2PvOBkcnhasH1w--" align="left" height="89" width="130" alt="The Citigroup logo on a a bank branch in New York. Citigroup posted a net loss for the past quarter of 2.495 billion dollars as the troubled banking giant was forced to take more hefty writeoffs from US real estate losses.(AFP/File/Don Emmert)" border="0" /> (http://us.rd.yahoo.com/dailynews/rss/business/*http://news.yahoo.com/s/nm/20080718/bs_nm/citigroup_dc)Reuters - Citigroup Inc, the largest U.S. bank,
posted a smaller-than-expected quarterly loss on Friday despite
$11.7 billion of write-downs and credit losses tied to
deteriorating capital markets and the slumping economy.</p><br clear="all"/>
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