The United States by the subprime mortgage market crisis is still not optimistic.

<P>: Http://finance. News, the largest U.S. bank Citigroup 15, announced that due to the impact of bad debts and other credit problems in the third quarter group profit fell 57% over the previous year. .The company also issued a warning on fourth quarter results. .</ P> <P> Jingxian profit warning </ P> <P> 7 months to September, profit of 2.38 billion Citigroup (about 47 cents per share), well below last year's 55. .$ 100,000,000 (U.S. $ 1.10 per share); the quarter turnover rose by 6% to 22.66 billion U.S. dollars. .Citigroup's balance of payments in the third quarter, including the sale of Redecard 7.29 billion in revenue company, Redecard is a MasterCard credit card business in Brazil in the company. .If not included in this part of the income in the third quarter, Citigroup turnover of approximately 20.8 billion, down 3%, lower than analysts expected. .</ P> <P> In addition, Citigroup the third-quarter loss of mortgage bond business, 1.56 billion U.S. dollars, higher than previously expected, due to bad mortgages in September to accelerate growth. .</ P> <P> At the same time, with further deterioration in consumer credit, Citigroup increased by 22.4 billion dollars in bad debt, this expenditure is also higher than originally expected. .</ P> <P> analysts believe that this result means that the recovery of the U.S. financial industry will not be as easy as looking forward to the arrival of the outside world, the disappointment of investors led Citigroup's shares fell more than 3%, and there are clear indications ., Citigroup CEO Charles Prince shareholder dissatisfaction is increasing. .Prince had predicted fourth-quarter earnings early October will become "normal", but 15 of Citigroup's expectations for the fourth quarter is not optimistic. .</ P> <P> number of agencies by the subprime mortgage crisis </ P> <P> by the subprime crisis, financial institutions and a more than Citigroup, Nomura Securities of Japan 15, announced that the company decided to withdraw from the U.S. housing .mortgage-backed securities business. .As of the end of September, Nomura Securities has a value of 48 billion yen in U.S. mortgage-backed securities products, including subprime-related with approximately 170 billion yen. .</ P> <P> by the U.S. subprime mortgage market crisis, in the second quarter of Nomura Securities in the related business losses of 312 billion yen loss in the third quarter is expected to be as high as 73 billion yen. .Nomura is Japan's largest securities firm. .Withdrawal of the business, the company will lay off 400 people. .In the third quarter, the company estimated pre-tax loss of 40 billion yen to 60 billion yen between. .</ P> <P> the UK's fifth largest mortgage lender, Northern Rock, started from September 14 because of U.S. subprime mortgage crisis, short-term financing problems, and suffered a run trend. .Depositors were removed from the bank for more than 20 billion pounds (about 4 billion U.S. dollars) deposit. .Northern Rock has about 150 million depositors, the depositors had in the bank deposit of about 24 billion pounds. .To cope with the crisis, the British Chancellor of the Exchequer Alistair Darling said the British government will guarantee bank Northern Rock and protect depositors in the bank deposit safety. .</ P> <P> Disclaimer: This story is purely personal point of view of, only for investors and does not constitute investment advice. .Accordingly investors operate your own risk. .</ P>.