Citi first-quarter profit falls 32 percent

Citigroup Inc's first-quarter profit fell 32 percent as the bank lost less money on bad loans but struggled to grow its business.

The third-largest U.S. bank said on Monday it earned $3.0 billion, or 10 cents per share. That compared with $4.4 billion, or 15 cents per share, a year earlier.

(Reporting by Maria Aspan; editing by John Wallace)