CITI: A VERY BAD YEAR Citigroup Inc. (Citi) is a leading global financial services company with over 200 million customer accounts and operations in more than 140 countries. Its operating units Citicorp and Citi Holdings provide a broad range of financial products and services to consumers, governments, institutions, and corporations. Services include investment banking, consumer and corporate banking and credit, securities brokerage, and wealth management. For the year ended December 31, 2008, Citi reported a net loss of $27,684 million, or $5.59 per share. Exhibit 9.11 presents the Consolidated Statements of Income for Citigroup Inc. and Subsidiaries for the year ended December 31, 2008, 2007, and 2006. Various selections from the notes to the consolidated financial statements follow the exhibit.
Excerpts from Financial Statement Notes:
The following excerpts were disclosed in the notes to Citigroup’s 2008 financial statements:
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