This excerpt taken from the C 8-K filed Oct 15, 2009.
Citigroups operating expenses were $11.8 billion, down from $12.0 billion in the prior quarter. Quarterly operating expenses were down $3.8 billion from the fourth quarter of 2007, reflecting ongoing reengineering efforts and divestitures of noncore businesses.
This excerpt taken from the C 8-K filed Jul 18, 2008.
· Expenses increased 9%, primarily due to higher business volumes, higher credit management costs, and the impact of recent acquisitions.