{"id":6315,"date":"2019-01-14T15:26:17","date_gmt":"2019-01-14T15:26:17","guid":{"rendered":"http:\/\/www.styledeals.co.uk\/blog\/market-turmoil-hits-citigroup-revenues\/"},"modified":"2019-01-14T15:26:17","modified_gmt":"2019-01-14T15:26:17","slug":"market-turmoil-hits-citigroup-revenues","status":"publish","type":"post","link":"https:\/\/www.styledeals.co.uk\/blog\/market-turmoil-hits-citigroup-revenues\/","title":{"rendered":"Market turmoil hits Citigroup revenues"},"content":{"rendered":"\n<div property=\"articleBody\">\n<figure class=\"media-landscape no-caption full-width lead\"><span class=\"image-and-copyright-container\"><\/p>\n<p>                <img loading=\"lazy\" decoding=\"async\" class=\"js-image-replace\" alt=\"Citi logo\" src=\"https:\/\/ichef.bbci.co.uk\/news\/320\/cpsprodpb\/659D\/production\/_100531062_gettyimages-157661587.jpg\" width=\"976\" height=\"549\"\/><span class=\"off-screen\">Image copyright<\/span><br \/>\n                 <span class=\"story-image-copyright\">Mario Tama<\/span><\/p>\n<p>            <\/span><\/p>\n<\/figure>\n<p class=\"story-body__introduction\">US bank Citigroup has blamed the recent turmoil on global markets for a surprise drop in revenue.<\/p>\n<p>Fourth quarter revenue slipped 2% to $17.1bn (\u00a313.3bn), falling short of analyst estimates of $17.5bn.<\/p>\n<p>The bank said income on its bond trading desks had slumped by a fifth following the fluctuations on financial markets in December.<\/p>\n<p>But chief executive Michael Corbat said the lender, which is America&#8217;s third largest, was making &#8220;solid progress&#8221;.<\/p>\n<p>&#8220;A volatile fourth quarter impacted some of our market sensitive businesses, particularly fixed income,&#8221; he said. <\/p>\n<p>In the three months to the end of December, profit rose to $4.2bn, or $1.61 a share, from $3.7bn, or $1.28 a share, a year earlier.<\/p>\n<p>Citi is the first of the major US banks to post results in 2019, with JP Morgan, Bank of America and Goldman Sachs all due to issue fourth-quarter figures later this week. <\/p>\n<\/p><\/div>\n<p><br \/>\n<br \/><a href=\"https:\/\/www.bbc.co.uk\/news\/business-46866751\">Source<\/a> by <a href=\"\">[author_name]<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Image copyright Mario Tama US bank Citigroup has blamed the recent turmoil on global markets for a surprise drop in revenue. Fourth quarter revenue slipped 2% to $17.1bn (\u00a313.3bn), falling short of analyst estimates of $17.5bn. The bank said income on its bond trading desks had slumped by a fifth following the fluctuations on financial &hellip; <\/p>\n","protected":false},"author":0,"featured_media":6316,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-6315","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general"],"_links":{"self":[{"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/posts\/6315","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/comments?post=6315"}],"version-history":[{"count":0,"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/posts\/6315\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/media\/6316"}],"wp:attachment":[{"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/media?parent=6315"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/categories?post=6315"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/tags?post=6315"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}