NEW YORK — Citigroup Inc. chief financial officer John Gerspach said Monday the bank has found no issues with the way its loan-servicing business processes foreclosures, indicating the bank has no plans to follow other large banks in suspending foreclosure sales pending a review of their practices.

Gerspach said the bank has reviewed its procedures, calling them "sound." He made the comments during a conference call with reporters to discuss the bank's third-quarter earnings.

Gerspach's comments suggest Citigroup still thinks it has not made the same errors processing foreclosures that the likes of Bank of America Corp., JPMorgan Chase & Co. and Wells Fargo & Co. are accused of making.

Bank of America and JPMorgan have both issued moratoriums on sales of foreclosed properties after reports showed the banks may have processed foreclosures by using "robo-signors," or employees that signed hundreds of affidavits a day without verifying the information they contained.

Citi earned $2.2 billion during the third quarter. Its stock was recently up 1.8% to $4.02 in pre-market trading.

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