03:26 PM EST, 03/05/2024 (MT Newswires) -- Citigroup ( C ) foresees a mid-teens percentage increase in investment banking fees during the first quarter compared with the fourth quarter of 2023, Reuters reported Tuesday, citing Chief Executive Jane Fraser at a conference in New York.

Fraser told investors that markets revenue is expected to decrease by 8% to 12% in the first quarter compared to the strong performance in the same quarter of 2023, Reuters said.

Fraser further said that the bank's reorganization will be finished by the end of the month, according to the report.

Citigroup ( C ) didn't immediately respond to MT Newswires' request for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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