Citigroup legal costs shoot up by 258 per cent to $2.9bn in Q4 2014
Citigroup has reported $2.9bn (£1.9bn) in legal expenses during the fourth quarter of 2014 – an increase of 258 per cent from $809m for the same period of 2013. The bank’s net income for the fourth quarter of 2014 was $350m, compared to $2.5bn in the same quarter in 2013. The drop was attributed to […]