Our traders navigated the volatility quite well, with notable performance amongst corporate clients and strong gains in FX and rates. And together with our Corporate Bank, our Markets team continued to optimize its balance sheet. Revenues in Banking fell 35% as we contended with a materiall...
Citi also won Best Global Foreign Exchange Bank, Best Bank Platform (Citi Velocity), Most Innovative Bank Platform (Citi Velocity) and Best Platform for Corporates (CitiFX Pulse and Gateway) awards from Global Finance. Working For and In Community: Pathways to Progress Beyond philanthropy, our ...
So, if you want to think about the net impact of FX on Citicorp, net of the impact on revenues, on expenses, on NCLs, FX changes added about $50 million of pre-tax earnings to Citicorp in the quarter. And then if you take a look at Citigroup, when you factor in the FX impact ...
The other piece that I think is important in the mix here too is just the partnership with TTS, cross-border payments, these other elements and cornerstone of the FX franchise, so there's some pieces here of the volatility that one doesn't usually think of this as being so client-heavy...