Citigroup $2.5 billion loss soothes investors
(Reuters)
<p><img src="http://d.yimg.com/us.yimg.com/p/afp/20080718/capt.cps.nal85.180708181529.photo00.photo.default-512x349.jpg?x=130&y=88&q=85&sig=m.hxOmHCiu9RrXauLQ0rew--" align="left" height="88" width="130" alt="An installation at the London stock exchange. Leading shares closed at a day's high Friday as Wall Street recovered from lows and banks rebounded following an upbeat quarterly report from Citigroup which helped to offset losses in the mining sector.(AFP/File/Ben Stansall)" border="0" /> (http://us.rd.yahoo.com/dailynews/rss/business/*http://news.yahoo.com/s/nm/20080718/bs_nm/citigroup_dc)Reuters - Citigroup Inc posted a
smaller-than-expected quarterly loss, despite $11.7 billion of
write-downs and credit losses tied to deteriorating capital
markets and a slumping economy.</p><br clear="all"/>
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