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Citigroup's net up 25% but mortgage issues linger

The bank's results were hit by charges, including $1.3bn in legal charges. It also signalled it is reluctant to declare the mortgage crisis over

Citigroup's fourth-quarter profit rose more than 25%, even as the bank continued to get stung by mortgage ills lingering from the financial crisis.

Citi is in the midst of big changes under the leadership of new chief executive Michael Corbat, who in October succeeded Vikram Pandit.

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