Wealth and Asset Management
Citigroup Tops Expectations, Despite Drop in Profit
Citigroup Inc. on Friday reported better-than-expected results, despite a 14% year-over-year drop in the bank’s profit. The New York bank said Friday that second-quarter profit fell to $4 billion, from $4.65 billion a year ago, as superlow interest rates continue to pressure the industry’s earnings. CEO Michael Corbat said in…
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Click here to read the full story: The Wall Street journal