Citigroup Profit Tumbles 96% on Settlement Costs

Citigroup Profit Tumbles 96% on Settlement Costs Play

July 14 (Bloomberg) -- Bloomberg’s Scarlet Fu breaks down second-quarter results from Citigroup as profit fell 96 percent due to $3.7 billion in costs related to the settlement of a mortgage-bond probe by the U.S. government. She speaks on “In The Loop.”

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