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April 15, 2007
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Citigroup forecasts earnings to fall 60%
| Findory News
Toronto Star: Banking giant Citigroup Inc. warned today its third-quarter earnings are likely to decline 60 per cent, as it takes more than $3 billion in writedowns for securities backed by underperforming mortgages and loans tied to corporate buyouts.
Citigroup to take over $3 billion in writedowns
| Findory News
Houston Chronicle: Citigroup Inc., the nation's largest financial institution, warned today its third-quarter earnings are likely to decline 60 percent, as it takes more than $3 billion in writedowns for securities backed by underperforming mortgages and loans tied to corporate buyouts.
Citigroup warns earnings will fall 60 percent
| Findory News
MSNBC: Citigroup Inc., the nation's largest financial institution, warned Monday its third-quarter earnings are likely to decline 60 percent, as it takes more than $3 billion in writedowns for securities backed by underperforming mortgages and loans tied to corporate buyouts.
Citigroup, UBS to Post Sharp Losses for Bad Loans
Mon, 01 Oct 2007 13:02:00 EDT | NPR News Headlines
Citigroup and UBS expect to report sharp declines in the third quarter stemming from huge investments in the credit market. Citigroup projects its third-quarter profits will drop 60 percent after $3 billion in losses. UBS sees a third-quarter loss of up to $690 million.
Mon, 1 Oct 2007 19:25:20 GMT | Yahoo! Finance
Can Chuck Prince survive this one? The Citigroup chief executive has been under pressure for several quarters on a number of fronts: the share price, expense control and a general sense that the company was simply too unwieldy to be managed effectively.
Outlook Roundup: Citigroup, Acxiom (AP)
Mon, 1 Oct 2007 18:28:42 GMT | Yahoo! Finance
Citigroup Inc. estimated Monday that its third-quarter profit will drop 60 percent, as the nation's largest bank took losses of more than $3 billion after writing down securities backed by underperforming mortgages and loans tied to corporate buyouts.
Citigroup says quarterly profit to plunge (Reuters)
Mon, 1 Oct 2007 18:18:46 GMT | Yahoo! Finance
Citigroup Inc , the largest U.S. bank by market value, said on Monday its quarterly earnings will drop 60 percent on $5.9 billion in losses and write-downs from subprime and leveraged loan woes, fixed income trading, as well as weakness in its consumer business.
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