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Showing posts with label US bank. Show all posts
Showing posts with label US bank. Show all posts

October 18, 2011

Citigroup's third quarter earnings beat expectations

Citigroup has reported a 74% increase in its third quarter profit.

The US bank reported net income of $3.8bn (£2.4bn), marking its seventh consecutive quarter of being in profit.

The earnings were helped by the fact that the business set aside less money to cover bad loans.