Citi profit plunges 86% on legal settlements
Citigroup Inc said its quarterly profit dropped 86 percent, hurt by legal settlements and falling bond trading revenue, sending the bank`s shares down more than 4 percent.
Jan 16, 2015, 00:03 AM IST
Citigroup profit falls on legal and restructuring charges
Citigroup Inc, in the midst of a pullback from consumer banking in a number of international markets, eked out a slim fourth-quarter profit after taking charges of $3.5 billion to settle legal claims and overhaul operations.
Jan 15, 2015, 20:43 PM IST
Citigroup to post $2.7 bn in added legal costs in 4th quarter
Mike Corbat`s announcement at a New York investor conference was the second time in six weeks the bank has had to tack on a massive legal charge.
Dec 10, 2014, 09:00 AM IST
