Citigroup warns on profits

Story date: 2007-10-01 05:17:00
Added on: 2007-10-01 07:00:20

Daily Telegraph - Citigroup, the biggest US bank, said third-quarter profit fell about 60pc because of "weak" credit markets and losses on leveraged loans and mortgage-backed securities. The bank will write down $1.4bn (£686m) before taxes on leverage finance ...


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