Consumer banking powers Citigroup’s profit beat

By Imani Moise and Sweta Singh (Reuters) - Citigroup Inc reported higher-than-expected earnings on Tuesday off the back of its global consumer business, showing consumer spending and sentiment remain high. Citi, the most global of the U.S. banks, said profit in its consumer unit rose 13% excluding the impact of currency fluctuations, outpacing its institutional client business where revenue inched up 1%

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