Citigroup profits down 96%, but beats expectation
![Citi_230px](https://assets.euromoneydigital.com/dims4/default/1a8b310/2147483647/strip/true/crop/230x150+0+0/resize/840x548!/quality/90/?url=http%3A%2F%2Feuromoney-brightspot.s3.amazonaws.com%2F74%2F6e%2Fc33a9a87386f45e42543a76a1319%2Fciti-230px.jpg)
Citigroup’s second quarter profit was 96% lower from a year earlier, suffering from the $7bn agreement it made with federal prosecutors over the weekend, but expected declines largely beat expectations.
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