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Sunday, November 4, 2007

Citibank faces additional $6-$10 Writeoff

CNBC is reporting that Citibank is facing additional $6-$10 billion writeoffs.

http://www.cnbc.com/id/21601044

The size of Citi's write-off is still being debated, though a source told
CNBC that Citi's board is pressing company finance executives to clarify the issue. The firm's audit committee is also scheduled to meet Sunday, in advance of the emergency board meeting.

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