Citigroup Inc. Chief Financial Officer John Gerspach said second-quarter trading revenue could be down 20 percent to 25 percent from year-earlier levels in a market he described as “becalmed.”
Citigroup Inc., the third-largest U.S. bank by assets, expects to avoid “massive” reductions in staffing as it lays off workers amid a market slowdown, Chief Financial Officer John Gerspach said.
Citigroup Inc. said it found a second case of fraud at its Mexico unit that’s smaller than the $400 million instance disclosed in February.
"Several events transpired at the end of May, beginning of June that had a calming influence on the markets. It was just a better overall environment."
- John Gerspach on Jul 15, 2014