Citigroup (Citi) has reported third quarter
net income of $3.77bn, up 74% than the corresponding period a year
ago.
Third quarter revenue of Citi at $20.8bn was
flat year-on-year.
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Total assets fell by 2% to $1.93trn in
Q311.
In the US, Citi’s regional consumer banking
arm reported a net income of $692m in the third quarter, a
four-fold increase year-on-year. For the year to date the division
has reported a net income of $1.93bn (Q310 $247m)
The total deposits at $851.3m remained flat in
the third quarter, year-on-year.
The staff at Citi increased 3% to
267,000.
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