Citi achieves fifth consecutive quarter of $1bn securities services revenue
Results reveal that organisational restructuring that took place in 2023 cost the bank approximately $780 million.
Results reveal that organisational restructuring that took place in 2023 cost the bank approximately $780 million.
JP Morgan reporting revenues from securities services were boosted by revenues were balance and fee growth, while assets under custody reached a new high.
The launch of the platform marks the latest success for AccessFintech, which originated from JP Morgan’s FinTech incubator and went live just six months ago.