Citigroup's trading revenues fall - report


Citigroup's (C) trading revenue has reportedly fallen sharply following a greater-than-expected slowdown during the summer, with the decline threatening to drag down the bank's earnings.

Citi has recently been holding conversations with investors, some of whom believe that revenues will drop by significantly more than 10%.

The firm's focus is weighted towards interest rates and forex, which are seen as weak, while it also has high exposure to emerging markets, which have suffered capital flight and falling currencies.

Citi is scheduled to report its earnings on October 15.

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Comments (1)
  • consultnick
    , contributor
    Comments (355) | Send Message
     
    Should be offset by the enormous Verizon deal.
    23 Sep 2013, 02:56 AM Reply Like
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