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Main Topics

Quarterly Earnings
Write-down

Write-down Topics

Banks
Brokerage Firm
Citigroup
Financial Industry
Financial Institution
Housing Market
Morgan Stanley
Mortgage
Profit
Real Estate

Citigroup profit drops after it writes down brokerage unit

Citigroup Inc said quarterly profit plunged on a $4.7 billion write-down of its stake in a brokerage operated by Morgan Stanley, but mortgage lending increased and capital markets results rebounded.

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