Citigroup Asia Fees Rising as Debt Sales Counter Equity Drop

Citigroup Asia Fees Rising as Debt Sales Counter Equity DropCitigroup Inc. (C) (C) is boosting revenue at its corporate and investment banking unit in Asia with rising fees from debt underwriting and cash management as initial public offerings shrink.

Revenue at the division is up 15 percent to 20 percent this year from the same period in 2011, Farhan Faruqui, head of Citigroup’s global banking operations in the Asia-Pacific region outside Japan, said in an interview.

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