INSTANT VIEW: Reaction to Citigroup results

NEW YORK (Reuters) - Citigroup Inc (C.N: Quote, Profile, Research, Stock Buzz), the largest U.S. bank, on Friday posted its second straight quarterly loss, hurt by debt writedowns and mounting credit losses.

The loss totaled $5.11 billion, or $1.02 per share, and compared with a profit of $5.01 billion, or $1.01 per share, a year earlier.

The loss was wider than the 96 cents a share forecast by analysts polled by Reuters Estimates.

The following is reaction from industry analysts and other experts:

DAVID BUIK OF CANTOR INDEX, LONDON

"Vikram Pandit was always going to shake the trees and get every skeleton out of the cupboard imaginable, which is what he's done. Commentators and analysts love to see blood running down Canary Wharf and Broadway and that being the case, there are undoubtedly going to be substantial redundancies over the course of the next two years. The fact that remedial action is being taken, investors love that."

ANDREA WILLIAMS, HEAD OF EUROPEAN EQUITIES, ROYAL LONDON

ASSET MANAGEMENT, LONDON

"It's meeting expectations. We've just seen a huge figure that they've written off and have got a bit blase about these things now but it looks in line. The market is shrugging it off. We knew there were going to be write-offs and (Citi) hasn't yet said anything far too negative."