After a successful stint in the North American market, SRP takes a look at the US investment bank’s international earnings and structured products activity during the fourth quarter of 2020.

Across the board, the bank led by Michael Corbat (pictured) has reported a net income of US$4.6 billion for the fourth quarter 2020, on revenues of US$16.5 billion. This can be compared with a net income of US$5.0 billion (a seven percent drop), or on revenues of US$18.4 billion for the fourth quarter 2019. Revenues decreased 10% from the prior-year period, primarily reflecting lower revenues in Global Consumer Banking (GCB), Institutional Clients Group (ICG), and Corporate / Other. Risk-weigh

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