Citigroup Puts the Fun Back in Taking Huge Losses

Citigroup Puts the Fun Back in Taking Huge Losses Play

Sept. 18 (Bloomberg) -- A few months ago, the Bank for International Settlements, which acts as a bank for the world’s central banks, warned in its annual report that "the financial sector needs to recognize losses" and "adjust balance sheets to accurately reflect the value of assets." We are starting to get a taste of what that means, and it’s not all bad. Jonathan Weil reports on Bloomberg Television's "In The Loop." (Source: Bloomberg)

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