At a recent industry conference, Citigroup Inc’s (C) CEO Jane Fraser indicated improvement in the investment banking (“IB”) business and provided an update on its reorganizational efforts.She noted an improvement in corporate client sentiments, merger activity and debt-underwriting business. As for advisory fees, the bank will have to wait for deal completions.With this, management expects IB fees to sequentially improve in the low-teens range in first-quarter 2024.However, market revenues are expected to r ...