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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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Chris Arnold is a correspondent with NPR's investigations team. His reports are heard regularly on NPR's award-winning newsmagazines Morning Edition, All Things Considered and Weekend Edition.