Citi's 1st-Quarter Beats Estimates as Profit Rises 30% to $3.8 Billion

Citi's 1st-Quarter Beats Estimates as Profit Rises 30% to .8 Billion
Citi had been under pressure from investors to release loan loss reserves in its mortgage operations, and in the first quarter, it released $ 375 million of mortgage reserves as losses from soured mortgages shrank. Citi's operating expenses rose 1% from …
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India's gold pawn business stumbles as metal skids
The CEO of Manappuram, which expects a loss in the March quarter due to bad loan growth, was not reachable for a comment. By contrast, Muthoot Finance does not expect any impact on its profitability, George Muthoot, managing director of Muthoot …
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