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Citigroup Profit Falls Due to Weak Investment Banking and Trading Revenue

April 16, 2016 By Troi Freelan Leave a Comment

Citigroup Profit Falls Due to Weak Investment Banking and Trading Revenue

Citigroup Inc’s quarterly profit plummeted by 27% as the bank earned less revenue from investment banking and trading while incurring higher costs that were related to shrinking certain businesses. The decline in profit was the largest amongst the larger banks based in the United States that thus far have reported results for the first quarter, […]

Filed Under: Business Tagged With: Citibank, Citigroup

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