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Reuters: Citigroup posts 4th straight loss on write-downs

Started by chris, October 16, 2008, 06:59:24 PM

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chris

Citigroup posts 4th straight loss on write-downs
      


NEW YORK (Reuters) - Turmoil in housing and credit markets drove Citigroup Inc to its fourth straight quarterly loss, reflecting more than $13 billion of loan losses and write-downs for complex and risky debt.
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