Citigroup Citi limits

The weakness in the capital markets during the second quarter has claimed another scalp. A dire performance in fixed income trading has led to market disappointment with Citigroup’s results for the period. And with the corporate and investment banking division providing 30% of the firm’s net income, that’s been enough to overshadow the rest of the group’s numbers. Citi’s fixed income unit saw revenues fall 28% year-on-year – the same drop as seen at Morgan Stanley in its fiscal second quarter, a...