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View Full Version : Citigroup to split into two units after huge losses


royong
17-01-2009, 01:13
Ailing US banking giant Citigroup reported Friday a larger-than-forecast 2008 fourth-quarter net loss of 8.29 billion dollars and said it was splitting into two businesses to restore profitability.

More... (http://sg.news.yahoo.com/afp/20090116/tts-us-banking-company-earnings-citigrou-972e412.html)