Citigroup Loses $7.6 Billion on Costs to Repay Bailout Funds [Bloomberg]

From Bloomberg:

Citigroup Inc., the U.S. bank that is 27 percent owned by the Treasury Department, ended a three- quarter profit streak with a $7.6 billion loss on costs to exit the government’s bailout program.

The loss was a little worse than expected. Fourth quarter earning results from Bank of America and Wells Fargo are scheduled for Wednesday.