Citigroup to take $300 million 'repositioning charge' in fourth quarter

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Credit Suisse Trims Estimates on Citi (C)

December 9, 2015 1:38 PM EST

Credit Suisse analyst Susan Roth Katzke lowered estimates on Citi (NYSE: C) to reflect the latest commentary from CFO John Gerspach at a conference earlier today.

"Simply put, the realities of continued capital markets weakness, a conservative stance with respect to loan loss reserve... More