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Citi was the top US dealer for foreign exchange trading revenues in 2025 on the back of increased client hedging demand, according to regulatory filings.
The bank generated revenues of $7.9 billion for the year, up 50% from $5.3 billion in 2024, helped by a bumper second quarter from Donald Trump’s Liberation Day tariff announcements.
The stellar 2025 for revenues comes after a multi-year rebuild of Citi’s FX business in which the bank targeted improvements in its FX options and electronic
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