Lates News

Citigroup Group stated that in the context of market turmoil and a rebound in trading activity, its investment banking business fees and trading revenue in the third quarter showed a mid-single-digit percentage growth trend. Chief Financial Officer Mark Mason said at the Barclays Financial Services Conference on Tuesday, "We see strong momentum in all of our investment banking business products," so related fees are expected to remain "strong". Earlier, Citigroup Group had a strong performance in the second quarter, with the trading department achieving its best results in the same period in five years, benefiting from record trading volumes. The investment banking department of Citigroup Group also saw revenue growth exceed expectations, with fee revenue increasing by 13% year-on-year.