(Reuters) - Revenue rose faster than expenses for a second straight quarter. Credit losses soared, as they have at rival banks. Nearly half of profit and revenue came internationally, where Citigroup has made 10 acquisitions since October.
Chief Executive Charles Prince, nearing the end of his fourth year at the helm of New York-based Citigroup, has been trying to cut costs and boost revenue, especially overseas, amid pressure from shareholders demanding a higher stock price.
Read more at Reuters.com Business News
Chief Executive Charles Prince, nearing the end of his fourth year at the helm of New York-based Citigroup, has been trying to cut costs and boost revenue, especially overseas, amid pressure from shareholders demanding a higher stock price.
Read more at Reuters.com Business News
No comments:
Post a Comment