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%

대한민국 뉴스 뉴스

대한민국 최근 뉴스,대한민국 헤드 라인

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.

이 소식을 빠르게 읽을 수 있도록 요약했습니다. 뉴스에 관심이 있으시면 여기에서 전문을 읽으실 수 있습니다. 더 많은 것을 읽으십시오:

 /  🏆 5. in KR
 

귀하의 의견에 감사드립니다. 귀하의 의견은 검토 후 게시됩니다.

대한민국 최근 뉴스, 대한민국 헤드 라인

Similar News:다른 뉴스 소스에서 수집한 이와 유사한 뉴스 기사를 읽을 수도 있습니다.

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.
출처: fmtoday - 🏆 5. / 72 더 많은 것을 읽으십시오 »