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Posted AT 9:24 AM EST on 18/04/08

Citigroup posts $5.1-billion loss

MADLEN READ

The Associated Press

NEW YORK — � Citigroup Inc. lost $5.1-billion (U.S.) during the first quarter and will eliminate about 9,000 more jobs, as poor bets on mortgages and leveraged loans lopped billions of dollars from its investment portfolio.

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