by Calculated Risk on 1/14/2008 11:43:00 AM

CNBC Charlie Gasparino reports that Citigroup CEO Vikram Pandit - on Tuesday - will disclose a $24 billion write-down and announce job cuts of between 17,000 and 24,000 for 2008.

Also, the WSJ reports: China Balks at Pumping Fresh Capital to Citigroup

Once again, Wall Street came knocking on Beijing's door. This time it went home empty-handed.

The Chinese government's apparent rejection of a planned multi-billion-dollar investment in Citigroup Inc. by state-owned China Development Bank suggests there may be limits to Beijing's status as a cash source for Western banks eager to plug holes in their balance sheets. ...

People familiar with the situation say China's senior leadership decided against backing the investment plan ...

Tomorrow should be interesting!