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

Tuesday, January 19, 2010 - 7:57 AM
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.
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Ken TuminKen Tumin5,442 posts since
Nov 29, 2009
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