Citigroup's Prince Steps Down, Rubin Named Chairman (Update3) (Bloomberg.com)

Nov. 4 (Bloomberg) -- Citigroup Inc. said Chief Executive Officer Charles Prince is stepping down after the largest U.S. bank warned of as much as $11 billion of additional writedowns on subprime mortgages and related securities, on top of more than $6 billion of charges reported for the third quarter.

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