Citigroup (C) CEO Jane Fraser did not mince words on Friday when discussing how the Wall Street side of her bank performed during the second quarter of 2023.
“The long-awaited rebound in investment banking has yet to materialize,” she said in a release, “making for a disappointing quarter.”
The early results are in from some of the country’s biggest banks, and they are flashing warning signs of a rough week ahead for Wall Street.
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