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Citi eyes equities and banking for wallet share wins

Investment bank chief James Forese says the business lines have 'strong return potential'

Citi eyes equities and banking for wallet share wins
Photo: iStockPhoto

Citigroup is targeting gains in equities sales and trading as well as advisory work and underwriting to lift profits in its investment bank during the coming years.

James Forese, head of Citi’s institutional clients group — which houses the Wall Street bank’s investment banking, sales and trading and transaction banking activities — says his division could generate billions in additional profits between now and 2020 with a focus on these business lines.

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