Citi CFO expects investment banking fees to go up in 4Q

Citi, like its competitors, has benefitted from rebounding capital markets. — Reuters

NEW YORK: Citigroup chief financial officer (CFO) Mark Mason says that investment banking fees are expected to jump in the fourth quarter from the same time last year, as dealmaking continues to run hot.

“On the investment banking side, we’re seeing continued momentum, particularly in mergers and acquisitions.