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Citi's earnings hurt by legal charges

2015-01-15 16:50:38| IT Services - Topix.net

Citigroup Inc.'s fourth-quarter profit plunged 86% from a year earlier as the bank logged a previously disclosed legal charge while trading revenue disappointed. For the quarter, Citigroup reported a profit of $350 million, which includes $3.5 billion in legal and repositioning charges, compared with a year-earlier profit of $2.46 billion.

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