Citi reports double-digit Q2 decline in investment banking and markets revenue
The TRADE
JULY 14, 2023
Overall, the bank reported its net income for the second quarter of 2023 at $2.9 Citi’s chief executive, Jane Fraser, highlighted that clients had “stood on the sidelines” since April, as the US debt limit played out. The bank also highlighted low volatility in the quarter as a contributor to the market revenue performance.
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