Citigroup’s Investment Banking Business Is Struggling More Than Its Peers — Should Investors Be Worried?
The large multinational bank Citigroup (C 3.12%) by and large reported solid third-quarter earnings, as the bank benefited from the higher interest rate environment and continued to make progress on a multiyear transformation plan. But one weak point in the quarter was the bank’s investment banking business, which has seen its revenue plummet on a year-over-year […]