Citigroup posts $7.6 billion fourth quarter loss

Posted by 7Star Wednesday, January 20, 2010

Citigroup Inc posted a $7.6 billion fourth-quarter loss after taking charges linked to repaying government funds. The third-largest US bank said the loss amounted to 33 cents a share, compared with a loss of $17.3 billion, or $3.40 a share, in the same quarter a year earlier.

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