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Report: Citigroup Could Write Down $24B, Cut 20,000 Jobs

January 13, 2008

Citigroup Inc. could make as much as $24 billion in writedowns and lay off 20,000 workers as part of a plan to cut costs and boost capital, CNBC said on its Website in a report dated Sunday.

*For more on this story,

read the full Reuters article.

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