Citigroup limits the damage. The American banking giant has closed the second quarter of 2012 with net income down 12% compared to the same period last year.
The institute took home profits of $2,9 billion, in any case higher than analysts' expectations. Revenue was $18,6 billion, down 9,7% year over year.
"Our core business is back to performing well, generating revenues in an environment that remains difficult - commented the CEO of Citigroup, Vikram Pandit - We recorded solid growth in loans and deposits".
