Management170

This is the class blog for Busn170 taught at FCC 2008. All students are required to make at least one meanningful post or comment per week.

Monday, January 19, 2009

Turmoil after Turmoil for U.S. Bank - Citigroup the One Now!

Citigroup Posts $8.29 Billion Loss and Will Split Into Two Companies

By MATTHEW SALTMARSH
Published: January 16, 2009 

Citigroup on Friday reported a fourth-quarter net loss and provided more details of an ongoing restructuring plan that will divide the company, for management purposes, into two separate businesses -- Citicorp and Citi Holdings.

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