Belfast Telegraph

Thursday 18 December 2014

Citigroup profits soar as bad debt charges fall

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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