Citigroup and Bank of America reported losses

Citigroup had moved up its earnings announcement, as it sought to placate anxious investors. Reports emerged early this week that Citigroup was accelerating moves to dismantle parts of its troubled financial empire. But some Wall Street analysts and investors questioned whether the plan, which included the announcement on Tuesday that it would split off its prized Smith Barney brokerage, goes far enough to address Citigroup's immediate troubles. Citigroup confirmed today that it would divide… More information...

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