When an internal memo pops into your inbox with the words “significant”, “momentum”, “achievements” and “successful” dotted throughout, you know you can probably rest easy for a while.
And thus was the case as Stephen Bird broke down Citi’s fourth-quarter results for staff in Asia, some of whom were possibly spooked by the headline numbers that poured out of head office in New York on Thursday.
The message global profit might have missed expectations on the back of a poor quarter for fixed-income trading but, regionally at least, there were enough positives to pick through.
In the memo, sent to Asia staff on...
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