Citigroup Q1 08

--5.1 bil earning loss vs 11 bil loss in Q4 07 vs 5 bil Q 1 07 --revenue Capital Market -- 35% revenue, 50% NI contributor ABS CDO --ABCP: exp 16.8 bil, markdown 3.1 bil (15%), original face value 24 bil(30% off) --High Grade CDO: 3.8 bil, markedown 1 bil (20%), original face 9.3 bil (60% off) --Mezzanine CDO: 2 bil, markdown 1.5 bil (40%), original face value 9 bil (80% off) Consumer loans (including corporate loans) --60% revenue, 30% earning contributor Credit Loss --Net Credit Loss/net charge off 3.8 bil --non-performing loans: 11.8 bil --provision 5.7 bil vs 7.4 bil Q4 07 --total allowance end Q1 08 19.5 bil (2.47% of loan vs 2.47% Q4 07 vs 1.53% Q1 07) comments: --ABS CDO further markdown of 2 bil+ 1 bil = 3 bil --global consumer credit credit continue to deteriorate, but Citigroup has built enough provision. further provision will be ~6 bil