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. Chief Financial Officer John Gerspach said investors may abandon shares of U.S. banks if the industry’s return on equity doesn’t improve.
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.
Citigroup Inc., the third-biggest U.S. bank, will consider further spending cuts at its securities unit after an investment of almost $1 billion in the business last year failed to boost revenue.
"July was better than August and we would assume that September would also be better than August."
- John Gerspach on Sep 08, 2014