Payback costs push Citigroup £4.6bn into red - Business - Evening Standard
       

Payback costs push Citigroup £4.6bn into red

Citigroup today racked up fourth-quarter losses of $7.6 billion (£4.6 billion) after it was hit by charges related to repaying US government loans.

It said $6.2 billion of the losses was tied to paying back the $20 billion it received from the Government to keep it afloat during the financial crisis. It lost $17.3 billion in the same quarter the previous year.

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