Citi Cuts Dividend
Read the full article: http://www.makemadmoneywork.com/2008/01/15/citi-cuts-dividen...
Citi is on the hunt for more cash after posting a fourth quarter loss of from write downs of 9.83 billion. The Group stated that write downs could reach as much as 18.1 billion. Since the mortgage debacle, Citi has been looking for outside investors to throw cash at the banking giant.
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