Citigroup profit drops after it writes down brokerage unit
 

15-10-12 03:22 PM

(Reuters) - Citigroup Inc said quarterly profit plunged on a $4.7 billion writedown of its stake in a brokerage operated by Morgan Stanley , but mortgage lending increased and capital markets results rebounded. Related Stories Bahrain's Investcorp plans roadshows for possible bond - IFR Croatia's HPB bank improves business before sale Match-making science wins economy Nobel for two Americans New ...

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