WRAPUP 2-Citigroup names chief of new company, scraps jet


(Adds Jay Leno comment, detail from conference call, closing stock price) By Joseph A. Giannone and Dan Wilchins NEW YORK, Jan 27 (Reuters) - Citigroup Inc , battered by massive losses that forced a government bailout, named a chief to temporarily oversee assets it is looking to shed, and scrapped plans to buy a $50 million jet that politicians called wasteful. Once the world's largest bank, Citigroup has been humbled by more than $28.5 billion in net losses in the past 15 months, ...

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