Citigroup reports $5.1 billion loss on hefty write-downs
(AP)
Source: Yahoo News Published April 18, 2008 @ 6:02am PDT
AP - Citigroup Inc. lost $5.1 billion during the first quarter and will eliminate about 9,000 more jobs, as poor bets on mortgages and leveraged loans lopped billions of dollars from its investment portfolio. [full article]
