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Massive Citigroup losses ring alarm bells - ABC News (Australian Broadcasting Corporation)
Avatar Posted by dagboy 357 days ago (http://www.abc.net.au) View profile
Category: Credit General | Tags: citigroup share market money
Citigroup has lost 13 billion dollars because of the sub-prime mortgage crisis. This is just the continuation of money worries for the US share market, affecting the consumers' sentiment. Credit may be more difficult to obtain even for the Citigroup, which will need to find new funds.
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