Citi disclosure signals credit crunch isn't over

Citigroup CFO Gary Crittenden told investors Thursday that the firm could take substantial write-downs in the second quarter. The disclosure raises concerns that Citigroup's second-quarter results could be weaker than expected. "You may be past the worst of the write-downs, but you're not past all of them, and they can still be big," said Jim Huguet, co-chief executive at Great Cos., a fund manager.

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