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Financial News

Friday January 16, 12:36 PM

 

 

Citigroup said it would split the company into two separate businesses

By Don Emmert

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Ailing US banking giant Citigroup reported a wider than expected 2008 fourth-quarter net loss of 8.29 billion dollars and said it was splitting into two businesses to restore profitability. Ailing US banking giant Citigroup reported a wider than expected 2008 fourth-quarter net loss of 8.29 billion dollars and said it was splitting into two businesses to restore profitability.


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