Citi Posts Another Monster Loss

The market was expecting a huge loss, and Citigroup delivered. $2.8 billion to be exact. The chart says it all.

Meanwhile, the company pegged layoffs at 11,000 since the end of Q2.

 

NOW WATCH: Money & Markets videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at research.businessinsider.com.au.

Tagged In

clusterstock-us