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Citi Reports $1.8 Billion Net Loss, Will Complete Restructuring This Quarter

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Citi Reports $1.8 Billion Net Loss, Will Complete Restructuring This Quarter


Citigroup reported a net loss of $1.8 billion for the fourth quarter, attributing that in part to several “notable items.” The items include a special assessment from the Federal Deposit Insurance Corp. (FDIC) due to the bank failures in 2023, a reserve build associated with transfer risk in…

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