CITI IS NOT HAPPY WITH THEIR CASH EQUITIES PERFORMANCE – Citigroup reported their third-quarter earnings on Friday last week and had good results overall. In fact, they beat analysts’ expectations by growing their profit by 12%. Citi’s investment banking business was up 1% to $792mln, although the performance across the board was mixed. Prime Finance and Derivatives did well with the losses in Cash Equities diminishing the gains elsewhere, trading being blamed as the problem area. Citi CFO, @John Gerspach said, “We just didn’t do as good a job navigating the choppy trading environment in cash equities.” #SpartanInternational