Investment Banking

Citigroup sees trading revenue falling in Q3

CFO John Gerspach reveals expected decline during Barclays financial services conference

Citigroup sees trading revenue falling in Q3

Citigroup expects its trading revenue could fall 5% in the third quarter, chief financial officer John Gerspach said Wednesday.

Gerspach, speaking at the Barclays Global Financial Services Conference, said the year-over-year decline was partly the result of a strong performance in rates and currencies products in September 2014.

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