Michael Corbat

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US bank Citigroup posted a 42 per cent jump in quarterly profit as bond trading revenue gained and stronger home prices helped the bad mortgages on it(...)

Citigroup Inc reported a higher-than-expected 31 per cent rise in first-quarter profit today as it drew down loss reserves for mortgage loans, and revenue from its securities and investment banking business swelled. Photograph: Keith Bedford/Reuters

Citigroup Inc reported a higher-than-expected 31 per cent rise in first-quarter profit today as revenue from its securities and investment bank(...)

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