Citigroup Lost $7.6 Billion in Fourth Quarter

Losing $7.6 billion isn't usually something to be happy about, but for Citigroup it's a move in the right direction.

By Claude R. Marx | January 18, 2010 at 07:00 PM

Losing $7.6 billion isn't usually something to be happy about, but for Citigroup it's a move in the right direction.

During the fourth quarter of 2008, the banking company lost $17.26 billion.

Its revenue declined 4.3% during the fourth quarter.

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The company's loan loss provisions were $8.2 billion, down 36% from the fourth quarter of 2008 and 10% less than the third quarter of 2009.

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