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ID: 33653
Title: Yahoo! News: Earnings News Yahoo! News Restructuring cuts Citi's 1Q profit (AP)
Description: Earnings News

A pair of patrons enter a Citibank branch in Boston, Monday, April 16, 2007. First-quarter profit at Citigroup Inc. dropped 11 percent, but still came in better then expected, as the nation's largest financial institution took a charge to cover a massive restructuring designed to cut costs and improve earnings. (AP Photo/Josh Reynolds)AP - Despite strong growth in revenue, profit at Citigroup Inc. fell 11 percent in the first quarter as the nation's largest financial institution took a charge to cover a massive restructuring aimed at improving earnings.


Category: Business/Company Earnings/
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Date Added: April 16, 2007 11:58:14 PM
Number Hits: 0