Citigroup’s CFO Says Trading Revenue Could Slide 25%
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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.”
The decline might curtail overall institutional revenue for the period, Gerspach, 60, told analysts and investors today. He spoke during an investment conference in New York, where the third-largest U.S. bank has its headquarters.