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Citi grows after move from mortgages

[preamble]Wall Street Journal today – Citibank maybe the worlds largest bank, has pulled out of lending money and mortgages and focusing on international markets to grow its business. Interesting -how much money did they make off of the mortgages in the past? Now when we Americans need banks to provide loans and mortgages so we can grow our economy what happens? NOTING! we are abandoned. Did not our federal government lend and continue to lend bank money at almost zero interest/ This is what we get back – NOTHING{backtopost]
Citigroup Inc. reported its first-quarter income rose 30% to $3.8 billion, with a 3% rise in revenue to $20.5 billion, as rivals JPMorgan Chase & Co. and Wells Fargo & Co. saw declines. Citigroup’s boon was the result of a shift away from mortgage operations after the financial crisis and a focus on international markets.