Reported about 1 month ago
Citi's banking chief, Vis Raghavan, announced that despite ongoing concerns related to U.S. tariffs, the bank expects its banking fees and trading revenue to increase this quarter. Banking fees are projected to grow by a mid-single digit percentage year-over-year, while trading revenue may see a rise of mid-to-high single digits. Although dealmaking has slowed due to tariff-induced market instability, signs of recovery are emerging, particularly in the M&A sector and among IPOs for tech firms. To support this growth, Citi plans to expand its workforce in multiple global regions.
Source: YAHOO