Citigroup’s quarterly profit falls 17% to $4 bn
US-based Citigroup on Friday registered a net income of $4 billion in the quarter ended June, a 17.5% fall against the year-ago period. The company's adjusted revenue fell 8.4% from the previous year to $17.55 billion, while expenses declined 5% to $10.4 billion. Revenue from fixed-income trading increased 14%, while that from consumer banking fell 18%.