Reported about 1 month ago
Citigroup's CFO Mark Mason forecasts a 20% increase in investment banking fees in the third quarter compared to last year, driven by a rise in debt capital markets and M&A activities. However, market revenues are projected to decline about 4% after a previous 10% increase. Mason also noted concerns about consumer credit card payment declines among lower credit score customers, alongside regulatory challenges involving data management that the bank is working to address.
Source: YAHOO