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Citigroup’s investment banking fees fall 25% as deal slump continues

Fixed income trading beats expectations but deal fees are still in the doldrums

CEO Jane Fraser says Citi showed 'good revenue growth and expense discipline despite the tumultuous environment for banks'
CEO Jane Fraser says Citi showed 'good revenue growth and expense discipline despite the tumultuous environment for banks' Photo: Getty Images

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Citigroup's dealmaking fees fell 25% in the first quarter, as the investment banking slump of the past year continues into 2023.

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