Many bank analysts expect the company to report another loss for the current quarter. CFO Gary Crittenden last week warned that Citigroup would sustain more substantial writedowns on collateralized debt obligations (CDOs) in the second quarter. Mr. Crittenden also said there will likely be more writedowns related to leveraged loans and bond insurers, and that total credit costs would be higher in the second quarter than in the first due mainly to increased reserves in the mortgage portfolio.
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