Trading gains shield Citi as bad loan provisions surge
July 14, 20202 min read452 words
Published: July 14, 2020  |  2 min read452 words
By , (Reuters) - Citigroup Inc on Tuesday posted a 73% plunge in quarterly profit, as the bank set aside nearly $8 billion to brace itself for a potential surge in loan defaults stemming from the COVID-19 pandemic.The largest U.S. banks have so far stashed away more than $52 bill...
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