Citigroup posts another big loss

Citigroup has reported another big loss, although it lost less money than had been expected.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.Citigroup said it had cut 11,000 jobs in the first six months of the year and planned [...] continue reading world news