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Citigroup, Goldman revenues hit by slump in fixed income products

Friday, October 16, 2015 - 05:50

New York

CITIGROUP Inc, the US bank that gets more than half its revenue from abroad, boosted profit more than analysts estimated after a drop in legal costs helped it cut expenses faster than revenue fell.

Third-quarter net income rose 51 per cent to US$4.29 billion, or US$1.35 a