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The US banking group Citigroup plans to cancel hundreds of jobs in various fixed income and fixed income trading sectors this year.
After the return of trading activities of major US banks in the first half of 2019, it has reached its lowest level in almost 10 years, according to Bloomberg.
This happened a few days after Citibank Global announced a 7% increase in its profits in the second quarter, thanks to an increase in its revenues and a reduction in its expenses compared to an increase in costs of 39; borrowing.
Citibank revenues increased 2% year-over-year in the second quarter of this year, driven by higher revenues in the global retail banking business.
Net income for the second quarter was $ 4.8 billion, up from $ 4.49 billion for the same period last year.
While revenues grew 0.2% to $ 18.76 billion, compared with $ 18.47 billion in the second quarter of last year.
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