|
|
Citigroup's $2.5-billion loss is smaller than expected
Summary from multiple countries, from articles in English
|
The Citi Field sign above the main scoreboard at the Mets new ballpark, the first of several to be raised by April, is nearly complete. (article 1)
The white and red letters that are in place offer ample evidence of the 20-year, $400 million agreement to make Citigroup s name synonymous with New York baseball. (article 1)
In the past three quarters, it has lost $17 billion - including a $2.5 billion loss reported on Friday - caused by $38 billion in credit losses and write-downs for bad mortgage investments. (article 1)
And next week, Wachovia Corp. and Washington Mutual Inc. are anticipated to reveal losses, too, with Bank of America Corp. expected to report a steep profit decline. (article 4)
NEW YORK - Citigroup has become the latest big bank to quell Wall Street's worries about a financial sector implosion, posting a $2.5 billion second-quarter loss that was smaller than expected. (article 3)
Citi's shares rose 5 percent in premarket trading Friday and helped boost the broader market, whose grim prognosis for the U.S. financial system this year sent stocks plummeting. (article 2)
The biggest US bank by assets lost $2.5bn ($1.3bn) in the three months to the end of June, weighed down by another $11.7bn of write-downs. (article 5)
|
Other summaries about this story:
Other stories about Citigroup, billion and losses:
Event tracking:
Story keywords
|
Citigroup, billion, losses, credit, loss |
Source articles
- Citigroup Puts Its Money Where Its Name Will Be (nytimes.com, 07/20/2008, 300 words)
- Citigroup posts $2.5B loss :: CHICAGO SUN-TIMES :: Earnings (suntimes.com, 07/18/2008, 522 words)
- Citigroup posts $2.5B quarterly loss, but beats Wall Street expectations (cbc.ca, 07/18/2008, 844 words)
- Citigroup's $2.5-billion loss is smaller than expected (L.A. Times, 07/19/2008, 365 words)
- Citigroup posts another big loss (BBC News, 07/18/2008, 296 words)
|
|
blaster@cs.columbia.edu
|
