Citigroup (C) may have to take a "significant non-cash" charge in Q3 as its valuation of its...

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

Citigroup (C) may have to take a "significant non-cash" charge in Q3 as its valuation of its remaining stake in Morgan Stanley Smith Barney is significantly higher than what Morgan Stanley believes it to be (MS comes in 40% less). A 3rd party appraisal will decide on the ultimate valuation. Whatever the outcome, Citi says there will be no impairment to its capital. Shares -0.7% AH. (8-K)