Citigroup profit hit by Russia charge as dealmaking and services shine

Core Insights - Citigroup's profit decreased by 13% in the fourth quarter due to a $1.2 billion loss related to the sale of its Russia business, which countered the increase in revenue from dealmaking and services provided to corporate clients [1] Financial Performance - The profit decline of 13% indicates a significant impact from the loss associated with the Russia business sale [1] - Despite the profit drop, there was an increase in revenue from corporate dealmaking and services, suggesting a mixed performance in the financial services sector [1]