Kiyoshi Takenaka
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/ 5 November 2007

Citigroup up in Tokyo debut after CEO quits

Shares of Citigroup rose 5% in their debut on the Tokyo bourse on Monday, a day after the United States bank’s head resigned to take responsibility for spiralling losses on subprime-related investments. Charles Prince stepped down after four years as Citigroup’s chief on Sunday after the bank said it may suffer an -billion write-down for subprime losses.