Analysis: Citi reaps profits from hiring rainmakers 2-3 years ago
NEW YORK - In the summer of 2010, senior executives at Citigroup Inc told the board of directors the bank needed to hire more dealmakers to have any chance of snagging underwriting assignments and rich takeover advisory fees.
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Reuters
Citi's Profit Soars as Shift Pays Off
Citigroup escaped the mortgage slowdown hitting some rivals thanks to its smaller presence in the U.S. market for home loans and a newfound zeal for curbing expenses. Net income jumped 30%.
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Citi's Profit Rises 30% in First Quarter
Citigroup reported a better-than-expected first quarter as net income rose 30%.
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Citi’s profit rises 30%, beating estimates
Citigroup reports first-quarter net income rose 30% and beat Wall Street expectations on improved revenue in its capital markets unit .
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Market Snapshot: U.S. stocks drop on China; Citi, deals limit loss
U.S. stocks tumble at the open, pulled lower by China data showing the industrial juggernaut’s growth is slowing. Citigroup earnings and some merger activity limit losses, while gold prices dive.
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