Citigroup’s fourth-quarter profit declines by 21% as bank sets aside more money for credit losses

Citigroup’s fourth-quarter profit declines by 21% as bank sets aside more money for credit losses

• Citigroup profit fell by 21% in the fourth quarter of 2022
• The bank also set aside more money for credit losses as it prepares for a weaker economic backdrop going forward.
• There were bright spots. Fixed income trading posted record fourth-quarter revenue.

https://www.cnbc.com/2023/01/13/citigroup-shares-decline-after-bank-reports-21percent-decline-in-fourth-quarter-profit.html