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Citigroup’s banking fees slide 46% as deal boom turns
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fnlondon.comCitigroup's investment banking fees tumbled 46% in the second quarter of 2022, as the US bank followed Wall Street rivals with a sharp downturn in dealmaking.
The US bank brought in $805m in investment banking fees during the three months to the end of June, an overall decline of 46%, as revenue from equity capital markets transactions slid by 63%.
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