Citigroup lost $9.83 billion in the final three months of the year, and retail sales fell in December. Together, the news shows how the slowing economy is punishing the financial position of the world's biggest banks and ordinary American consumers. -
A Double Hit for the Economy
Citigroup lost $9.83 billion in the final three months of the year, and retail sales fell in December. Together, the news shows how the slowing economy is punishing the financial position of the world's biggest banks and ordinary American consumers.-
By Neil Irwin and Tomoeh Murakami Tse