Turkish bank sale drags Citi's net down 12 percent
Posted: Jul 16, 2012 3:15 PM TDT Updated: Jul 17, 2012 1:26 AM TDT
By PALLAVI GOGOI
AP Business Writer
NEW YORK (AP) - Citigroup's net income fell 12 percent in the second quarter partly due to a loss on the sale of its stake in a Turkish lender. The income of $2.9 billion was still better than analysts were expecting.
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