Citigroup's earnings rose 74 percent in the third quarter, to $3.8 billion, on an accounting gain and lower losses from loans.
Senh: I was wondering what "accounting gain" meant. It sounds like one of those abstract accounting practices that gets companies in trouble. But apparently all that meant was that the value of their liabilities are lower, and they have to report that as a gain. It sounds like a one-off though, and not something they can reproduce over time.
