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Strategies & Market Trends : Anthony@Pacific & TRUTHSEEKER Expose Crims & Scammers!!!
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From: ravenseye10/1/2007 11:42:52 AM
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Citigroup, UBS Say Subprime Losses Damage Results (Update1)
By Christian Baumgaertel and Yalman Onaran
Oct. 1 (Bloomberg) -- Citigroup Inc. and UBS AG, the largest banks in the U.S. and Europe, said losses sparked by the collapse of the U.S. subprime mortgage market ravaged third-quarter results.

Citigroup, based in New York, said earnings fell about 60 percent from a year earlier. Zurich-based UBS reported its first quarterly loss in almost five years, ousted its investment-banking chief and announced plans to cut 1,500 jobs....
bloomberg.com
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