Citi Group (C.N) indicated that its costs this year may be at the high end of previous expectations after facing a series of regulatory penalties in recent months. The bank's expenses for the second quarter 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 may not be as straightforward as many investors had hoped, as the bank is pushing ahead with a significant turnaround plan under CEO Jane Fraser. This effort has been occasionally hindered by regulatory issues and other operational mishaps at Citi Group.
View Original
The content is for reference only, not a solicitation or offer. No investment, tax, or legal advice provided. See Disclaimer for more risks disclosure.
Son dönemdeki düzenleyici yaptırımların etkisiyle, Citigroup'un maliyetleri önceden beklenen aralığın üst sınırlarında bulunuyor.
Citi Group (C.N) indicated that its costs this year may be at the high end of previous expectations after facing a series of regulatory penalties in recent months. The bank's expenses for the second quarter 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 may not be as straightforward as many investors had hoped, as the bank is pushing ahead with a significant turnaround plan under CEO Jane Fraser. This effort has been occasionally hindered by regulatory issues and other operational mishaps at Citi Group.