Unlock the Editor’s Digest for free
Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.
Citigroup profits fell far less than expected to $3.2bn in the third quarter, as a revival in investment banking helped offset rising loan losses.
Profits dropped 9 per cent from the same period a year earlier — or 4 per cent excluding a $200mn one-off gain a year ago from Citi’s sale of its Taiwan consumer business. Analysts had expected the bank to report earnings…
Read the full article here