Citigroup reported a loss of $7.6 billion for the fourth quarter, but investors drove up its shares on hopes that declining loan losses might mean the bank has survived the worst of the financial crisis. CEO Vikram Pandit said overseas loan performance looks strong and that the bank "made enormous progress" last year. The bulk of Citigroup's loss stemmed from accounting charges related to the bank's repayment of funds from the Troubled Asset Relief Program.

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