Citigroup marks $483m charge for reorganisation 

Citibank has a significant presence in Ireland.

Citigroup's first-quarter profit fell 27% but beat market expectations, while taking a $483m (€454m) charge tied to chief executive Jane Fraser's sweeping reorganisation. 

Net income at the US bank, which has a significant presence in Ireland, fell to $3.4bn in the three months to the end of March, the bank said. That compares with $4.6bn a year earlier.