Citigroup is finally be shutting down its 'bad bank' -- 8 years after the financial crisis

Thomson Reuters When Citigroupreported earnings on Wednesday, it announced a major milestone that its investors should cheer. The New York-based bank said that the fourth quarter of 2016 was the last time it'd separate the results from its Citi Holdings subsidiary, which was created in the wake of the financial crisis to house the bank's toxic and noncore assets. More than any other major bank, Citigroup found itself in the crosshairs during the crisis eight years ago. Its decision to double dow...