UPDATE 3-Citigroup profit tumbles 46% on expected credit card losses
Citigroup Inc reported a 46%
plunge in quarterly profit on Wednesday as it prepared for
losses driven primarily by its credit card business, and
analysts raised worries that there is more pain to come as the
economic outlook darkens.
plunge in quarterly profit on Wednesday as it prepared for
losses driven primarily by its credit card business, and
analysts raised worries that there is more pain to come as the
economic outlook darkens.
Posted by Reuters
