IN BRIEF (Page 17)

Possible writedown

Citigroup Inc, the bank that's posted the biggest losses from the collapse of the US mortgage market, may take an additional $8.9 billion in net writedowns in the second quarter, Goldman Sachs Group Inc said.

Goldman also lowered its rating on US brokerages to "neutral" from "attractive", saying the pace of deterioration in the industry "appears to be far worse than" it originally anticipated, according to a note.