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Citigroup was bailed out by the US government in November
Struggling US banking giant Citigroup has announced plans to split the firm in two, as it reported a quarterly loss of $8.29bn
It said it would realign into two new firms, Citicorp and Citi Holdings.
Citicorp will handle the company's traditional banking work, while Citi Holdings will take on the firm's riskiest investment assets