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Are Financially Constrained Firms Bad Audit Clients?
Audit assurance becomes more valuable for financially constrained businesses as they face operational and financial uncertainty.
By
Ahmet Kurt
| February 7, 2023
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Michael Corbat
Financial Performance
Market Volatility Reduces Citigroup Revenue
The year-end gyrations on Wall Street pushed corporate and investor clients to “the sidelines, waiting for some clearer market conditions."
By
Matthew Heller
| January 15, 2019
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Tax
Citigroup Takes $22B Charge on Tax Law Adjustments
The bank's earnings excluding the tax items beat estimates, with consumer banking posting a particularly strong quarter.
By
Matthew Heller
| January 17, 2018
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Investment Banking
Citigroup Profit up 8% to $4.1B, Earnings Beat
Every business in Citi's investment banking unit saw healthy growth in the third quarter except fixed-income trading.
By
Matthew Heller
| October 13, 2017
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Investment Banking
Citi Earnings Beat Estimates With 17% Gain
“The momentum we saw across many of our businesses towards the end of last year carried into the first quarter," CEO Michael Corbat says.
By
Matthew Heller
| April 13, 2017
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Strategy
Citi’s Q1 Revenue, Earnings Beat Expectations
The bank believes it is on the right track for the long term as it restructures to focus on more profitable businesses.
By
Katie Kuehner-Hebert
| April 15, 2016
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Credit
Citi Sells OneMain to Subprime Lender
Citi has now sold more than 60 businesses and reduced assets in its "bad bank" Citi Holdings by more than $700 billion.
By
Katie Kuehner-Hebert
| March 3, 2015
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