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Citigroup profit sinks 46% on loan loss provisions, dealmaking slump

April 14, 2022 9:47 PM

NEW YORK (REUTERS) – Citigroup Inc posted a 46 per cent plunge in first-quarter profit on Thursday (Apr 14) as it took hits from provisions for Russia-related losses, a slump in underwriting fees and higher expenses.

Source : https://www.straitstimes.com/business/banking/citigroup-profit-sinks-46-on-loan-loss-provisions-dealmaking-slump

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