Citigroup tied a revival of fortunes to its international business yesterday after reporting a $7.6 billion loss for the fourth quarter that underlined the continuing struggles of the US financial group’s domestic operations.
The loss was amplified by the repayment of $20 billion in federal bail-out funds last month. After excluding one-off items, Citigroup recorded a $1.4 billion loss in the last three months of 2009. – (Copyright The Financial Times Limited 2010)
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