© 2025 KUNR
Illustration of rolling hills with occasional trees and a radio tower.
Serving Northern Nevada and the Eastern Sierra
Play Live Radio
Next Up:
0:00
0:00
0:00 0:00
Available On Air Stations
The threat of catastrophic funding cuts for public media looms, and while we don’t know what the U.S. Senate will do, we do know this: We need your help protecting this vital service.
Learn what you can do to support KUNR and public media today ➡️

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.