10:31 AM EDT, 06/10/2025 (MT Newswires) -- Citigroup ( C ) expects banking fees and markets revenue to rise in Q2 from a year earlier,

despite "anxiety" over US tariffs, Reuters reported Tuesday, citing Vis Raghavan, the head of banking, speaking at a conference.

Citi clients view 10% tariffs as a "floor" and are studying ways to absorb the cost of 10% to 20% tariffs on imports, Raghavan said, according to the report.

Uncertainty over tariffs "froze" markets in April, though transaction volumes improved alongside the stock market rebound, Raghavan said, according to the report.

"M&A continues to be super active -- there's a lot of dialogue, a lot of engagement," Raghavan said, according to the report. "The debt market will be more a function of how the M&A market manifests itself, through acquisition financing."

Citi didn't immediately respond to a request for comment from MT Newswires.

(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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