Citigroup Second-quarter Profit Falls On Losses From Older Assets

Reuters: Top News, Reuters
Mon, 07/16/2012 - 5:39am

NEW YORK (Reuters) - Citigroup Inc reported lower second-quarter profit on Monday as the big banking group lost money on the sale of a stake in a Turkish bank and suffered from the drag of its troubled assets left over from the 2008 credit crisis.

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Topics: banks citigroup financial institution quarterly earnings second quarter second quarter earnings

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