NEW YORK (Reuters) - Citigroup Inc reported lower second-quarter profit on Monday as the big banking group lost money on the sale of a stake in a Turkish bank and suffered from the drag of its troubled assets left over from the credit crisis.
Net income was $2.9 billion, or 95 cents per share, compared with $3.34 billion in the same quarter a year earlier, the company said.
CITIGROUP (C.NY)is the third largest U.S.-based bank by assets.
(Reporting by David Henry in New York and Rick Rothacker in Charlotte, North Carolina; editing by Jeffrey Benkoe)
