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Citi’s private banking revenue increases 3% this quarter, but Asia isn’t the reason

Citi’s private banking business recorded an increase in revenue for the second quarter of 2013, according to the American juggernaut’s latest earnings report; however, the Asia region had little part to play in this jump. Private banking revenues rose 9% to US$645 million, from US$591 million a year ago, and up 3% sequentially. This, in turn, translated into a net…

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