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Settlement, legal expenses curb Citigroup’s earnings

Posted: January 18, 2013 at 1:53 a.m.

Citigroup Inc.’s fourth-quarter earnings fell short of Wall Street’s expectations despite plans to cut 11,000 jobs, close branches and trim its consumer banking in other countries.

Citigroup Inc.’s fourthquarter earnings, reported Thursday, fell short of Wall Street’s expectations as the bank’s legal expenses rose and it released less money from its loan-loss reserves.

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Business, Pages 27 on 01/18/2013

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