CITIGROUP POSTS $5.1 BILLION LOSS
Today citigrooup said, it lost US$ 5.1 billion during the first quarter as poor bets on mortgages and leveraged loans lopped billions of dollars from its investment portfolio. Write-downs related to mortgages and turmoil in the credit markets reached about $12 billion. (more…)
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Tags: Credit, Loan, Mortgage, Mortgages