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Read More »Mega-Banks Citi, Wachovia Post Record Profits
NEW YORK – Citigroup Inc. (C) and Wachovia Corp. (WB), two of the four largest U.S. banks, on Friday reported record quarterly profits, as consumers borrowed more, bad loans declined and costs were kept in check. Citigroup, the largest bank, said first-quarter profit increased 3 percent, while Wachovia, the fourth-largest, …
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