Citigroup Posts $18.3B Fourth-Quarter Loss, Its Earnings Erased by Federal Tax Overhaul
USA Today, Jan. 16, 2018–Kevin McCoy
The net loss, equivalent to $7.15 per share, stemmed from a one-time non-cash charge of $22 billion, or $8.43 per share, related to the Tax Cuts and Jobs Act finalized by Congress and the Trump administration in December.
