Thursday, March 02, 2006

Double-Digit Earnings at Citigroup Inc. and MasterCard International (

Profits at Citigroup Inc. soared to record levels in 2005 as the financial services company recorded a 44% increase in net income to nearly $25 billion. As more of a droll observation and pure coincidence, the widely reported annual merchant interchange revenues are also $25 billion.

MasterCard International also reported double-digit growth in 2005, with gross dollar volume rising nearly 12%.

Citigroup Inc. and MasterCard International are two of the named defendants in the payment card interchange fee antitrust litigation.