Citicorp's consumer loan delinquencies continued to rise in the first quarter, fueled by a pickup in overdue mortgages in the U.S. and Europe.

Consumer loans overdue by 90 days or more jumped to $4.7 billion, or 5.3% of Citicorp's $89.1 billion portfolio at March 31, according to a regulatory filing with the Securities and Exchange Commission. That was the eighth consecutive quarterly increase in the delinquency rate at the nation's biggest banking company, as well as the largest rise in two years.

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