
(Reuters) - Citigroup Inc (C.N) said on Monday its first-quarter profit jumped 30 percent, a stronger-than-expected increase, as the No. 3 U.S. bank generated more money from underwriting stock issues and advising companies on mergers. Citigroup shares closed 0.2 percent higher after the results, which provided more evidence that a long-awaited turnaround might be under way at the bank six months after its board pushed out Vikram Pandit as chief executive and handed the reins to Michael … [Read more...]










