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Citibank and the US Economy
Citigroup said today it lost $10 billion in the last three months, the first time it has reported a loss since it was redesigned 10 years ago as a global "financial supermarket." Economist Peter Morici, a business professor at the University of Maryland, discusses the impact on the US economy.
Citigroup said today it lost $10 billion in the last three months, the first time it has reported a loss since it was redesigned 10 years ago as a global "financial supermarket." Economist Peter Morici, a business professor at the University of Maryland, discusses the impact on the US economy.
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