News Formal

Citigroup’s profit holds steady as investment banking fees jump

  • 📰 fmtoday
  • ⏱ Reading Time:
  • 32 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 72%

日本 ニュース ニュース

日本 最新ニュース,日本 見出し

The lender’s net income rose to US$3.5 billion from a year ago.

NEW YORK: Citigroup’s profit was broadly steady in the third quarter, fuelled by rising interest payments and surging investment banking fees.

Revenue at Citi’s institutional clients group that houses its Wall Street operations increased 12% from a year ago, fuelled by a jump in investment banking fees.Citi’s overall revenue climbed 9% to US$20.1 billion. CEO Jane Fraser announced a sweeping reorganisation last month that will disband ICG and give her more direct oversight over the company’s businesses.Expenses rose due to rising costs and investments in control systems.

Citi has not yet announced the expected headcount reduction and expected savings with the reorganisation that will reduce management layers and prompt layoffs across its businesses.

 

コメントありがとうございます。コメントは審査後に公開されます。
このニュースをすぐに読めるように要約しました。ニュースに興味がある場合は、ここで全文を読むことができます。 続きを読む:

 /  🏆 5. in JP

日本 最新ニュース, 日本 見出し

Similar News:他のニュース ソースから収集した、これに似たニュース記事を読むこともできます。

China stocks rise as state fund boosts stake in ‘Big Four’ banksCentral Huijin, the state-owned investment firm, signals ‘continuous investment’ with plans to increase holdings.
ソース: fmtoday - 🏆 5. / 72 続きを読む »