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.”
Edward “Ned” Kelly, chairman of Citigroup Inc.’s institutional businesses, including the investment bank, is retiring and will be succeeded by Vice Chairman Stephen Volk.
"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