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Citigroup CEO asks for investor patience on targets

Bank failed to meet 4-year-old financial targets, even as vibrant markets drove profits higher in Q4

Published Thu, Jan 19, 2017 · 09:50 PM
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New York

CITIGROUP Inc chief executive Michael Corbat asked investors for more patience on Wednesday in explaining how the bank failed to meet four-year-old performance targets, even as vibrant markets drove profits higher in the fourth quarter.

Mr Corbat adjusted those goals and proposed new times and conditions to reach them in a conference call with investors.

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