Citigroup 2Q FICC Sales & Trading Revenue Meets Estimates

The video discusses Citigroup's financial performance in the second quarter, highlighting a strong fixed sales and trading revenue of 4.45 billion USD, surpassing expectations. It covers Citigroup's investment in institutional businesses under CEO Jane Fraser, their capital return to shareholders, and concerns about stress capital buffers. The video also examines Citigroup's cost management, including lower credit costs and employee layoffs, comparing it to other banks like JPMorgan and Wells Fargo.

What trend was observed in Citigroup's total cost of credit compared to the prior quarter?

What actions has Citigroup taken regarding their workforce in response to financial conditions?