Citigroup earnings rise 74 percent to $3.8 billion on lower loan losses, accounting gain
http://dervishcom.blogspot.com/2011/10/citigroup-earnings-rise-74-percent-to.html
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NEW YORK — Citigroup's strategy of slimming down and focusing on a few core businesses is paying off.
The New York bank reported third quarter earnings rose 74 percent in the third quarter, to $3.8 billion, due to lower losses from loans and an accounting gain. Its international consumer lending business grew in Asia and Latin America. The bank also decided to keep its credit card partnership with retailers as that business improved.
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Source: http://feeds.washingtonpost.com/click.phdo?i=991a63fa7fc9ed4b65bda7e87a209e36
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