Citigroup CEO Charles Prince resigns after Citigroup says it may write down $11 billion of subprime mortgage losses in addition to a $6.5 billion write-down last quarter.
The bank expected that its $55 billion of exposure to U.S. subprime mortgages would cost $5 billion to $7 billion in profit after tax
Citigroup CEO quits, bank may face $11 billion writeoff
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