Citigroup Trading Desk’s Windfall Drives Higher-Than-Expected Profit

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Citigroup Inc. rates and currencies traders posted their best third quarter in at least eight years as the Federal Reserve kept investors on their toes about the future of heightened interest rates.

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Citigroup profit holds steady as investment banking fees jumpCitigroup's profit was broadly steady in the third quarter, fueled by rising interest payments and surging investment banking fees. The bank's net income...
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