Send
Print
rawpixel.com
He ascribed the anticipated rise in charge-offs to the ‘macroeconomic environment.’
Citigroup ranks among the largest retail banks in the United States and caters to millions of clients, including those who use credit cards.
In the first quarter, the bank set aside $2.72 billion for loan-loss provisions, which analysts polled by Bloomberg generally predict will decrease to $2.69 billion in the second quarter.
On June 10, Raghavan mentioned that approximately 80% of Citigroup's corporate exposure is linked to high-grade issuers. Starting in 2025, Citi's capitalization increased by 10.8%
source: bloomberg.com
Citigroup ranks among the largest retail banks in the United States and caters to millions of clients, including those who use credit cards.
In the first quarter, the bank set aside $2.72 billion for loan-loss provisions, which analysts polled by Bloomberg generally predict will decrease to $2.69 billion in the second quarter.
On June 10, Raghavan mentioned that approximately 80% of Citigroup's corporate exposure is linked to high-grade issuers. Starting in 2025, Citi's capitalization increased by 10.8%
source: bloomberg.com
