Citigroup CEO sees trading revenue rising 10% in Q4; investment banking slides

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NEW YORK (Reuters) – Citigroup Inc (NYSE:C) expects revenue in its trading division to rise 10% in the current quarter from a year earlier, but investment banking fees will be down 60% in line with the industry, Chief Executive Jane Fraser said on Wednesday,

“We’re hoping 10% (increase) in markets based on what we have seen in October and November,” she told the Goldman Sachs (NYSE:GS) Financial Services conference.