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IPFS News Link • Economy - Economics USA

Citigroup Warns of 60% Earnings Drop

10-1-2007 • AP

Citigroup Inc., the nation's largest financial institution, warned its 3rd-quarter earnings are likely to decline 60%, as it takes more than $3 billion in writedowns for securities backed by underperforming mortgages and loans tied to corporate b

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Reported By Powell Gammill

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Citigroup Warns of 60% Earnings Drop

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