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  • Citigroup Announces Unprecidented Losses; Dividend Cut

    Weeks' worth of speculation about where Citigroup was headed following its heavy involvement in the subprime mortgage meltdown was pretty much confirmed on Tuesday morning when the bank announced a huge $18.1 billion write-down. As bad as the write-down was, some analysts had predicted even greater carnage...
    Posted to MND NewsWire (Weblog) by Glenn Setzer on Tue, Jan 15 2008
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