IN BRIEF (Page 17)
China Daily | Updated: 2009-10-16 08:04
Credit losses hit Citigroup
Citigroup Inc posted a quarterly loss to shareholders as it suffered $8 billion of credit losses, raising further questions about the future of the bank that is one-third owned by the US government.
Analysts had expected the bank to post an even bigger loss, but shares still fell 3.8 percent in premarket trading.
Photo
