NEW YORK (MarketWatch) -- Citigroup Corp. said Thursday it lost $2.8 billion, or 60 cents a share, including a $4.4 billion pre-tax write-down in its Securities & Banking unit, in its fiscal third quarter ending Sept. 30. Citi also reported $4.9 billion in net credit losses, and a $3.9 billion net charge to increase loan loss reserves. In the year-ago period, the financial services giant earned $2.2 billion, or 44 cents a share. Loss from continuing operations in the latest period totaled $3.4 billion, compared to a year-ago gain of $2.1 billion. Revenue fell to $16.7 billion from $21.6 billion. Wall Street analysts expected a loss of 58 cents a share, according to a survey by FactSet Research. Citi said its headcount was reduced by approximately 11,000 since the second quarter of this year.

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