Friday, April 17, 2009

Financial News

From the New York Times:

Citigroup, the battered banking giant, announced a first-quarter net profit on Friday after more than a year of staggering losses and three bailouts from Washington.

The New York-based bank reported first-quarter net income of $1.6 billion, after a loss of $5.11 billion in the period a year earlier.

Great. Now lower my APR on my credit card back to where it was last month.