Citigroup (C) reported an increase in fourth-quarter earnings, which also exceeded market expectations, mainly reflecting the bank’s cost-cutting initiatives. Revenues, meanwhile, declined and fell short of expectations hurt by a sharp fall in the fixed income securities business.  Shares of the financial services giant dropped about 1% following the announcement Monday. During the three-month period, … Continue reading Citigroup Q4 revenue drops on weak bond trading; earnings beat