Citigroup Sees Profits Boosted As Losses On Bad Loans Keep Falling

Summary


CitiGROUP, the third largest US bank, yesterday reported stronger- than-expected quarterly profits as losses on bad loans slowed.

The group made some dollars 2.2 billion (GBP1.4bn) between July and September, ahead of Wall Street forecasts and much higher than the dollars 101 million profit banked a year ago

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Citigroup Sees Profits Boosted As Losses On Bad Loans Keep Falling

Although revenues for the third quarter were down by almos...

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