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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: carranza2 who wrote (87141)	10/1/2007 7:46:42 AM
From: Paul Kern	Respond to of 110194

Citigroup Cuts Profit Forecast, Cites `Weak' Credit Markets By Steve Dickson Oct. 1 (Bloomberg) -- Citigroup Inc., the biggest U.S. bank, cut its third-quarter earnings forecast, citing ``weak performance'' in fixed-income credit markets and writedowns on leveraged loan commitments and mortgage-backed securities. Citigroup expects to report a decline in net income of about 60 percent from the same period a year earlier, the New York- based bank said today in a statement distributed by Business Wire. To contact the reporter on this story: Steve Dickson in New York at sdickson1@bloomberg.net . Last Updated: October 1, 2007 07:06 EDT