Industry News

Subprime crisis claims another Wall Street exec

Citigroup CEO steps down; company says up to $11 billion in losses may be coming
Published on Nov 5, 2007

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by CareyBot

The chief executive of Citigroup Inc. stepped down Sunday, the second Wall Street CEO in a week to leave his post as the subprime mortgage crisis continues to cause problems at major firms. The nation’s largest banking company also said ...