Argentina
Citigroup Taking Charges on Argentina, Russia and Its Own Restructuring
Bank’s profit will be hit by $1.3 billion in reserves and $780 million in severance charges
Citi is set to report its results for the December quarter on Friday. Photo: Sarah Pabst/Bloomberg News
Citigroup recorded a litany of one-time charges and expenses in the fourth quarter related to its exposures to Argentina’s debt market, Russia’s p... [352 chars]