Citigroup's first-quarter net income declines by 2 per cent

Citicorp and Citi Holdings revenues decline.

By New Statesman Published 16 April 2012
New Statesman
Citibank CEO Vikram Pandit speaks at a branch opening ceremony in New York City. Credit: Getty Images.

 

The financial services provider Citigroup has reported a net income of $2.93bn, or $0.95 per diluted share, for the first quarter of 2012 – a decrease of 2 per cent compared to $3bn, or $0.99 per diluted share, for the same period last year.

 
 

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