Gold Ten Data July 12th News, Citigroup (C.N) stated that after facing a series of regulatory penalties in recent months, this year's costs may be at the high end of previous expectations. Citigroup's second-quarter expenses decreased by 2%, to $13.35 billion, slightly better than the analysts' average expectation of $13.4 billion. Stricter guidance suggests that cost-cutting measures at the bank may not be as straightforward and smooth as many investors had hoped, as the bank is pushing ahead with a major turnaround plan under CEO Jane Fraser. This effort has been occasionally hampered by regulatory issues and other operational mistakes at Citigroup.
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Impacté par les récentes sanctions réglementaires, les coûts de Citigroup se situent à la borne supérieure de la fourchette prévue précédemment.
Gold Ten Data July 12th News, Citigroup (C.N) stated that after facing a series of regulatory penalties in recent months, this year's costs may be at the high end of previous expectations. Citigroup's second-quarter expenses decreased by 2%, to $13.35 billion, slightly better than the analysts' average expectation of $13.4 billion. Stricter guidance suggests that cost-cutting measures at the bank may not be as straightforward and smooth as many investors had hoped, as the bank is pushing ahead with a major turnaround plan under CEO Jane Fraser. This effort has been occasionally hampered by regulatory issues and other operational mistakes at Citigroup.