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Loan Modification

: Loan Modification & Home Loan News

Citigroup posts 4Q profit on fewer loan losses

By Moe Bedard

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(Source: AP) NEW YORK – Citigroup on Tuesday reported fourth-quarter net income of $1.3 billion after it recorded fewer losses from loans, allowing it to take money out of reserves it keeps aside for such loans. However, the volatile fixed-income market – pressured by the bailout of Ireland and falling bond prices – reduced earnings [...]

Full post as published by Loan Modification & Home Loan News on January 18, 2011 (boomark / email).

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