Is Citigroup’s Restatement Reason to Worry?

No say, Nomura’s Steven Chubak and Sharon Leung who don’t think Citigroup’s (C) earnings restatement is a big deal. They explain why: Agence France-Presse/Getty Images Citi issued a press release after market close announcing a $600mn downward adjustment to its 3Q14 earnings due to an increase in legal accruals. The company noted that the increase [...]