Citigroup (C) is facing a potential multibillion-dollar writedown as it begins unwinding its...

|About: Citigroup Inc. (C)|By:, SA News Editor

Citigroup (C) is facing a potential multibillion-dollar writedown as it begins unwinding its minority investment in the Morgan Stanley Smith Barney brokerage. Accounting complications and a reduced valuation could leave Citi facing an after-tax hit of up to $1.8B, more than it earned in Q4.