News Formal

Citigroup’s profit exceeds market expectations on robust investment banking

  • 📰 globeandmail
  • ⏱ Reading Time:
  • 20 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 92%

Portugal Notícia Notícia

Portugal Últimas Notícias,Portugal Manchetes

Citigroup’s investment banking arm had a strong quarter on the back of a frenzy in merger and acquisition activity

. Revenue in the Institutional Clients Group rose 4 per cent, driven by a 43 per cent surge in investment banking fees.

Citigroup said earlier on Friday it had agreed to sell its consumer businesses in Indonesia, Malaysia, Thailand and Vietnam to Singapore-based lender United Overseas Bank. The bank has incurred higher costs for several quarters to fix the issues regulators identified in its controls systems, leading to questions from investors on how much money and time the remedies will require.

 

Obrigado pelo seu comentário. Seu comentário será publicado após ser revisado.
Resumimos esta notícia para que você possa lê-la rapidamente. Se você se interessou pela notícia, pode ler o texto completo aqui. Consulte Mais informação:

 /  🏆 5. in PT

Portugal Últimas Notícias, Portugal Manchetes

Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.

Ford crosses $100 billion in market value for the first timeAfter Ford’s shares have doubled in the last year, the company recently crossed the $100 billion mark Doug ? ? ? ?
Fonte: globeandmail - 🏆 5. / 92 Consulte Mais informação »