EMEA revenue beats North America in Citi’s investment bank

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By Jasper Cox
16 Apr 2019

Citi’s institutional clients group registered a higher revenue in the EMEA region than it did in North America in the first quarter of the year, the first time this had happened in more than six years.

ICG revenue was $3.17bn in EMEA, roughly flat versus the first quarter of last year. In North America it was $3.12bn, down 5%. The last time revenue was higher in EMEA than in North America was the last quarter of 2012.

Income from continuing operations in EMEA was ...

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