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Tuesday, January 16, 2018

Citi reports $18.3B loss on tax law; adjusted profit rises 4%


Citi reports $18.3B loss on tax law; adjusted profit rises 4%



Citigroup Inc (NYSE:C) on Tuesday posted an $18.3 billion quarterly net loss on one-time tax charges, but said adjusted income rose 4 percent from a year earlier as consumer businesses made up for lower revenue from bond and currency trading.

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