You are here

Citi posts Q4 profit, revenue surge; braces for energy sector loss

Mr Corbat says that the fourth-quarter results demonstrate that Citigroup is now a "stronger and safer company".

New York

PROFIT and revenue rose at Citigroup for the fourth quarter, but investors looked past those gains on Friday and fretted about the bank's ability to weather turmoil in the emerging markets and oil industry.

Citigroup said on Friday that its profit, after adjusting for...