To execute the terms of state support in the amount of 20 billion dollars, U.S. bank Citigroup was forced to cut dividends for the fourth quarter of 2008 to 1 cent per share. Quarterly dividend for the October-December, payable Feb. 27, had to make 16 cents a share. Bank cuts dividend for the third time in six months. Citi completed in 2008 with a net loss of $ 18.7 billion. Bank shares fell 70 cents, up 2.80 dollars at auction on Tuesday, the fall of their value over the past 12 months was 89%, informs "Interfax" referring to agency Bloomberg.
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