November 4, 2007

Citigroup CEO retires (Reuters)

Citigroup Inc. Chairman and Chief Executive Officer Charles Prince points as he speaks during the opening ceremony for Citibank Japan Ltd.'s second branch in Chiba, east of Tokyo, in this file photo from July 9, 2007. (Issei Kato/Reuters)Reuters – Citigroup Inc on Sunday said
Chairman and Chief Executive Charles Prince has retired, and
that it expects an additional $5 billion to $7 billion
after-tax write-down related to subprime mortgages.

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