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Citigroup profits soar as bad debt charges fall

Published 18/10/2011

US bank Citigroup, which has an office in Belfast's Titanic Quarter, has seen its profits jump 74% in the third quarter.

It made £2.4bn in the third quarter of 2011, the company's seventh consecutive three-month period of profit. Reduced impairment charges and an accounting gain were behind the buoyant numbers, according to the bank.

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