Citibank doesn't return the favor, continues to reduce lending in 3rd quarter despite being bailed out by US taxpayers

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10/18/10, BBC: "Citi made $2.2bn (£1.4bn) between July and September, above analysts' forecasts and much higher than the $101m profit for the same period last year.

• The Wall Street giant, still 12%-owned by the US government after bailouts, cut its provisions for bad debts.

But revenues for the quarter were down almost 6% at $20.7bn....

The bank also continued to scale down the overall size of its lending business, with

• total loans falling 5.5% during the quarter."

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