More good news for US banks as Citigroup reports profit of $1.6bn

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More good news for US banks as Citigroup reports profit of $1.6bn

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04-17-2009, 11:20 PM

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More good news for US banks as Citigroup reports profit of $1.6bn

Citigroup has today boosted the stock market by announcing its first quarterly net profit in almost two years.The bank made a profit of $1.6 billion (£1.1 billion) for the first three months of 2009, compared to a loss of $5.1 billion in the last three months of last year, while revenues rose 99% to $24.8 [...]

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