Mortgage Woes Hit Citi Hard
Story date: 2007-10-15 06:40:00
Added on: 2007-10-15 10:00:20
ABC News - ... million increase in net credit losses and a $2.24 billion charge to increase reserves for bad loans. Return on equity was 7.4 percent. "This was a disappointing quarter, even in the context of the dislocations in the subprime mortgage and credit ...
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