Citi CFO expects investment banking fees to rise 20% in third quarter

By Tatiana Bautzer and Manya Saini

NEW YORK (Reuters) - Citigroup's investment banking fees are expected to jump 20% in the third quarter from a year earlier, Chief Financial Officer Mark Mason told investors at a conference in New York on Monday.



The gains are being driven by a good pickup in activity across debt capital markets and mergers and acquisitions, Mason said.

Meanwhile, markets revenue is likely to drop about 4%, he added.

Source: Investing.com