Summary
NEW YORK (AP) - Citigroup's new chief executive may have to dismantle the country's largest bank in order to save it.
As the housing market continues to deteriorate and the economy slides toward a possible recession, Citi stunned Wall Street on Tuesday by posting a $10 billion loss for the fourth quarter of 2007, the biggest in the bank's 196-year history.See the full content of this document
Extract
Citigroup Loses $10 Billion in 4q
That loss - equal to the cost of about 48,000 U.S. homes at today's sunken prices - forced Citi ...
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