A plan to save Citigroup has emerged. Citi will absorb the first 10 percent of losses—about $29 billion—from its portfolio of risky assets, which includes mortgages, credit cards, commercial real-estate, and big corporate loans.
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A plan to save Citigroup has emerged. Citi will absorb the first 10 percent of losses—about $29 billion—from its portfolio of risky assets, which includes mortgages, credit cards, commercial real-estate, and big corporate loans.