On April 19, Citigroup passed a significant milestone in its restructuring by reporting net income for the first quarter of 2010 of $4.4 billion. That’s the highest profit it has recorded since the second quarter of 2007 when the bank was speeding into the wall of the financial crisis.
“This is an important quarter for us. We’ve come a long way,” Citigroup chief executive Vikram Pandit told investors and analysts, a sense of quiet pride clearly detectable in his voice.
Thanks for your interest in Euromoney!
To unlock this article:
