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Citigroup Takes $1.5 Billion Charge

By Chris Arnold
Published December 23, 2002 at 9:00 PM PST

Citing the cost of settling probes into tainted stock research, Citigroup announces a $1.5 billion charge against earnings. Last week, Citigroup agreed to pay $400 million in penalties to settle conflict-of-interest charges. NPR's Chris Arnold reports that Citigroup still faces lawsuits from individual investors.

Copyright 2002 NPR
Chris Arnold
NPR correspondent Chris Arnold is based in Boston. His reports are heard regularly on NPR's award-winning newsmagazines Morning Edition, All Things Considered, and Weekend Edition. He joined NPR in 1996 and was based in San Francisco before moving to Boston in 2001.
See stories by Chris Arnold