BBC NEWS | Business | Citigroup to split as losses grow

Struggling US banking giant Citigroup has announced plans to split the firm in two, as it reported a quarterly loss of $8.29bn (5.6bn).
Last autumn, Citigroup had to be rescued by the US government in a bail-out deal totalling $45bn.
The government also agreed to guarantee up to $306bn (205bn) of risky loans and securities on Citigroup's books.

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