NEW YORK Citicorp said its third quarter revenues from derivatives had doubled, over the second quarter, reaching $200 million. In the same quarter a year earlier, the bank reported derivatives revenues of $300 million. The bank said its revenues in each of the first and second quarters of 1994 were $100 million, primarily from interest rate and currency swaps, options, futures, and equity and commodity contracts.
The New York-based bank, which serves plaintiff law firms, agreed to pay $348 million for a Windy City community bank.
A New York state bill would reduce the barrier for minority-bank and community-bank participation in the state's long-standing Banking Development District program.
A threat that was probabilistic is now official. An Iranian military spokesperson warned of a "painful response" against U.S.-linked banks.
The Senate passed a bipartisan housing bill in an 89 to 10 vote, but how quickly and easily the bill can pass the House remains unclear.
The payments fintech's Nasdaq debut marks the largest U.S. listing by a Japanese company in a decade and had a strong start despite market turmoil caused by the Iran war.
The conflict pushed oil price futures above $100 a barrel for a short time earlier this week, which affected bond investors and the 10-year Treasury yield.
