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Citigroup Takes $1.5 Billion Charge

Citing the cost of settling probes into tainted stock research, Citigroup announces a $1.5 billion charge against earnings. Last week, Citigroup agreed to pay $400 million in penalties to settle conflict-of-interest charges. NPR's Chris Arnold reports that Citigroup still faces lawsuits from individual investors.

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NPR correspondent Chris Arnold is based in Boston. His reports are heard regularly on NPR's award-winning newsmagazines Morning Edition, All Things Considered, and Weekend Edition. He joined NPR in 1996 and was based in San Francisco before moving to Boston in 2001.