© All Rights Reserved 2026 | Privacy Policy
Tax ID / EIN: 23-7441306
Skyline of Las Vegas
Real news. Real stories. Real voices.
Play Live Radio
Next Up:
0:00
0:00
0:00 0:00
Available On Air Stations
Supported by
We are experiencing technical difficulties with our transponder in Elko, NV. Our engineers are currently working on the issue. For uninterrupted listening, tune in via the live stream on knpr.org or listen on the NPR App.

Citigroup Profits Crunched by Credit Woes

Citigroup, the largest U.S. bank, says profit fell 60 percent in the third quarter due to credit and trading losses. Other firms have also suffered from the crisis in credit markets, but it's taking an especially big toll on Citigroup. So it didn't take long for critics to raise new cries for Citigroup CEO Charles Prince to resign. They say he's responsible for the bank's sluggish growth and ballooning costs.

Copyright 2023 NPR. To see more, visit https://www.npr.org.