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Goldman Boosts Writedown View for Citi, Merrill, JPMorgan »

Posted by: HUSSAIN786 8 months ago

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Citigroup, Merrill Lynch and JPMorgan Chase may face larger fourth-quarter write-offs of fixed-income securities than previously expected, and Citigroup may have to slash its dividend 40 percent to preserve capital, according to a Goldman Sachs analyst.