More on Citigroup (C) Q4 earnings: New CEO Tom Corbat "kitchen sinks" the quarter to clear out...

|About: Citigroup Inc. (C)|By:, SA News Editor

More on Citigroup (C) Q4 earnings: New CEO Tom Corbat "kitchen sinks" the quarter to clear out the decks for his tenure as Citi becomes the only major bank to report a big miss on the bottom line. "(Earnings) reflect an environment that remains challenging, with businesses working through issues like spread compression and regulatory changes as well as the costs of putting legacy issues behind us." It's been awhile since a bank chief sounded so dour. Shares -4.5% premarket. (PR)