Citibank Nears $1 Billion Mark, As US Banks Release Q2 Results
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NEW YORK--Citibank is approaching the billion dollar mark halfway through the year, reporting $814 million from FX and related net interest income (NII) to June, a 34 per cent year-on-year improvement.
Citi is joined by all of its US-based trading partners in reporting strong across-the-board forex trading revenues for the period (see table, below). US banks began reporting earnings two weeks ago (FXW, July 20).
Continuing high volatility across Asia and the emerging markets offset a quiet first
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