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Company: Citigroup Inc.

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Bank promises action to address weakness flagged by Fed, FDIC

global markets

Declines in underwriting, M&A drive 32% drop in fees, Refinitiv reports

Scenario analysis exercise will boost regulators' expertise and banks' risk management

World map with chart whooping ETF growth over time

Debt underwriting down too, led by a plunge in high-yield offerings

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Pilot program in 2023 will test effects of climate risks on banks' businesses

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SEC sanctions firms for pervasive record-keeping violations

new label

BMO GAM nabbed 13 investment experts from CI Financial, plus other news

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Loan growth, margin expansion and trading powered U.S. banks' results

Wall street sign in New York with American flags and New York Stock Exchange background.

Deal making is expected to stay strong through year-end

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Trading revenues plunge from 2020 highs, but investment banking provides some solace