Citi Trading Revenue Warning Ripples Through Bank Shares

The transcript discusses the financial challenges faced by banks, including revenue warnings and the impact of negative interest rates. It highlights the shift from traditional branch banking to digital banking, driven by changing consumer behavior. The conversation also covers cost-cutting strategies and the potential transformation of banking models in response to economic pressures.

What implications do you think the revenue warning from Citigroup has for the banking sector?

What are the potential consequences of banks reducing their branch networks?

What changes in consumer behavior are anticipated in the context of digital banking?

How do negative rates affect the banking industry according to the discussion?

In what ways might banks need to adapt their business models in response to current economic conditions?