Citigroup CEO Sees ‘Surprisingly Resilient' Global Consumer Spending

Citigroup’s earnings Tuesday (Oct. 15) echo the sentiment of other banks that have reported in the past few days:Investment banking and trading revenues were up. And consumers remain resilient — though in the words of CEO Jane Fraser on the conference call with analysts, spending has been “healthy,” but consumers have become “discerning” in what they are buying.As far as banking had been concerned, Citi’s earnings materials show equity market revenues were up by about a third, and overall banking revenues w ...