Net credit losses rose to $8.38 billion from $7.28 billion and $7.13 billion, respectively. Revenue and charge-offs for the quarter were both higher partly because of an accounting change that pulled card loans onto the balance sheet. Meanwhile, Citi's securities and banking arm saw revenue decline 34% as profit fell 48%, contrasting with strong investment-banking results reported last week at J.P. Morgan Chase & Co. and Bank of America Corp. Citi Holdings, which includes the assets the company is in the process of unloading, saw its loss from continuing operations narrow significantly to $876 million from $5.49 billion.