Citigroup's CEO steps down as subprime crisis bites deeper

By A staff reporter 2007-11-05T00:00:00

Citigroup announced the departure of its CEO and chairman Charles Prince during an extraordinary meeting on Sunday, as the company unveiled between $8 bn and $11 bn of further losses in addition to the $5.9bn of bad debts it had previously announced due to the fallout of he sub-prime mortgage ...

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