Citigroup Blames Gloomy Earnings On Fiscal Cliff, But Analysts Are Unconvinced

The top management at Citigroup gave a dour view Thursday on the path the U.S. economy would take in 2013, saying it wasn't sure that positive trends in the employment and mortgage landscape were "sustainable." The gloominess came amid, and was partly used to excuse, disappointing quarterly results announced earlier in the day. "As we said last quarter, we want to make sure that those [positive economic] trends ... are sustainable," John Gerspach, the bank's chief financial officer, said during ...