Citi shed its ‘laughingstock’ label—and is now outperforming every other big bank

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After falling from a high of $550 in May 2007 it’s been trapped between about $30 in April 2009 and $81 in January 2020, leading to reports that other banks regarded Citi as a “laughingstock.

The broader debt capital markets brought in $1.36 trillion over the first half of 2024, a 45% increase over the same period last year, according to PwC data.

The report shows that, while Citi is leading the way among large banks, its excess capital is part of a larger trend of banks sitting on record levels of the funds.

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Article Details

Author / Journalist: Michael del Castillo

Category: EconomyBusiness

Markets: United StatesAustralia

Topics: Banks Citigroup

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-30 @ 20:23:02 (11 hours ago)

News Timezone: GMT +8:00

News Source URL: fortune.com

Language: English

Article Length: 871 words

Reading Time: 5 minutes read

Sentences: 38 lines

Sentence Length: 23 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Fortune

News ID: 21862261

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