Morning Scan: Investment Banking Revenues Drop; SoFi's New Hedg...

Receiving Wide Coverage ... Investment Banking Income Plunges: Ahead of first quarter earnings, Citigroup has warned of declines in revenues for investment banking. Citigroup chief financial officer John Gerspach said at an investor conference that the bankÂ's investment banking income would be down roughly 25% from last year, while fixed income and equities trading revenues would drop about 15%. Citi is not the only bank prepping for less-than-thrilling quarterly results: the head of JPMorgan ChaseÂ's corporateÂ...