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.