Citicorp, the nation’s biggest bank, said first-quarter...
From Times Staff and Wire Reports
Citicorp, the nation’s biggest bank, said first-quarter profit fell to $231 million, down 56% from a year earlier. The New York banking giant’s problems stem from pressures on its corporate and investment banking business in Japan, Europe and North America, and a drop in Brazilian debt interest payments. It also has been hurt by the downturn in Northeast real estate values.
