Another good quarter for FX
"Within fixed-income markets, the interest rate and currency trading business posted record revenues as volatility in interest rates drove strong results," Citi's chief financial officer, Gary Crittenden, told investors in a conference call on July 18.
Crittenden also cited record revenues in Citi's commodities business, driven by historic levels of volatility in leading commodities such as oil and natural gas, as well as strong activity in the power sector.
However, powerful growth in these areas
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