Citigroup net slides 57 pct on writedowns, losses
NEW YORK (Reuters) – Citigroup Inc said on Monday that third-quarter profit fell 57 percent as losses mounted from subprime and leveraged loans, fixed-income trading and its U.S. consumer business.
NEW YORK (Reuters) – Blackstone Group and the banks involved in the $1.8 billion takeover of mortgage and vehicle fleet company PHH Corp have yet to agree on a way to resolve a financing shortfall, dimming the prospects that the deal will go through.
About Pete Southern
Pete Southern is an active trader, chartist and writer for market blogs. He is currently technical analysis contributor and admin at this here blog.
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