Citgroup loses $7.6 Billion in fourth quarter

Battered financial giant Citigroup said Tuesday it suffered a net loss of 7.6 billion dollars in the fourth quarter of 2009, resulting in a full year loss of 1.6 billion dollars.Citigroup said its fourth quarter revenues were 5.4 billion dollars, or 15.5 billion dollars excluding a repayment of a government bailout loan, down from 20.4 [...] continue reading world news