Related
More cuts at Citigroup 
Writedowns slam Tesco’s profits 
Fannie Mae profit points to US housing recovery 
StanChart worried about regulatory costs despite… 
RBS moves closer to re-privatisation New York based global bank Citigroup has announced a 4.7 billion dollar loss in earnings after it agreed to sell off its joint brokerage business with Morgan Stanley.
The country’s third-largest bank posted a net income of 468 million dollars. This time last year the groups net income reached 3.8 billion dollars.
Along with the Bank of America Citigroup was one of the financial institutions hardest hit by the financial crisis of 2008.
More about: Banking, Citigroup, Profits, USACopyright © 2013 euronews
Top Stories
Stockholm riots provoke questions about Sweden’s immigrants
As Stockholm wakes up after a fifth consecutive night of rioting, questions are increasingly being asked about the root causes. A police station, schools and cars in several surburbs of the Swedish capital were the latest victims of Thursday night's public disorder…
UK police arrest two new suspects in soldier murder
Two new suspects have been arrested by police investigating the violent killing of a British…
IMF chief is back in court over 2007 payout to a French…
IMF chief Christine Lagarde is back in court today facing more questions over her role in a…
Corporate news
Ford quits Australia- Major Nissan recall over steering wheel glitch
- Xbox One: Microsoft’s game changer?
- Apple defends its tax affairs
- Ireland not to blame for Apple tax – Deputy PM
- Vodafone takes hit
- Royal Mail profits up
- Yahoo buys Tumblr
- Record Profits for Ryanair
- Dell’s profit dives as takeover battle rages
