Citigroup: Profit jump meets seasonal summer slump

Citigroup is among the largest internationally connected banks and primarily targets corporations, institutional clients, and high-net-worth individuals. The company earns from payment transactions, trade financing, securities settlement, foreign exchange and bond trading, investment banking, asset management, and the US credit card business. In its retail banking activities, Citi now mainly focuses on its home market, the USA. A particular strength is the global network through which the bank processes cross-border payments and financings in over...