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IPFS News Link • Economy - Economics USA

Citi loses almost $10B, slashes dividend

1-16-2008 • AP

Bad bets on mortgages led to a $10 billion loss for Citigroup Inc. in the final quarter of last year, the largest in its 196-year history. As a new wave of weak economic data intensified fears of a recession, the nation's biggest bank also cut jo

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