Banking giant Citigroup returns to black

US banking giant Citigroup returned to the black today after posting net income of $10.6bn (€7.9bn) in 2010.

Banking giant Citigroup returns to black
Tue, 18 Jan, 2011 - 14:12

US banking giant Citigroup returned to the black today after posting net income of $10.6bn (€7.9bn) in 2010.

Citi, which employs 11,000 staff in the UK according to its website and owns credit card brand Egg, posted a net loss of $1.6bn (€1.2bn) in 2009.

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CourtsBusinessHeathrowPlace: USPlace: UKOrganisation: CitigroupOrganisation: CitiOrganisation: EggOrganisation: US governmentOrganisation: JP Morgan
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