Richard Bove Says Citigroup not a 'One-Shot Deal': Video

Richard Bove, an analyst at Punk Ziegel & Co., talks with Bloomberg's Carol Massar from Lutz, Florida, about Citigroup Inc.'s announcement today that its third-quarter profit fell about 60 percent because of "weak" credit markets and losses on leveraged loans and mortgage-backed securities. The biggest U.S. bank said it will write down $1.4 billion before taxes on leveraged finance commitments. Bloomberg's Julie Hyman and Matt Miller also speak. (Source: Bloomberg)

Bloomberg | October 1, 2007

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