Citigroup's net fell by 53% in 4th quarter
Article Abstract:
Citigroup Inc. posted a 53% drop in its net profit for the fourth-quarter of 1998. The decline mainly resulted from charges for restructuring. However, the company did post higher-than-expected figures due to the strong growth in its consumer business. Citigroup's corporate and investment bank performed poorly again in the quarter. The company's quarterly net income fell from $1.44 billion in 1997 to $677 million in 1998.
Comment:
Posts a 53% drop in its net profit for the fourth-quarter of 1998
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 1999
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American Express surprises investors with writedown
Article Abstract:
American Express Co. said it would have a $826 million (961 million euros) writedown that will negatively impact profits in the 2001 second-quarter. The company is also planning layoffs of 5,000 workers.
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 2001
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Citigroup admits to lapses in monitoring Russian funds
Article Abstract:
Citigroup Inc. recognizes its mishandling of 750 million dollars in suspicious Russian funds activity since 1991 and has since tightened its monitoring systems.
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 2000
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