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Shrunken Citigroup illustrates a trend in big US banks

Monday, April 18, 2016 - 05:50

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Citigroup's financial results are one of many reminders of just how much success the government has already had in pushing banks to become simpler and safer, if not always smaller. Business lines like subprime lending, which used to define the company, have all but disappeared.

New York

CITIGROUP became the nation's first megabank some two decades ago by expanding into new businesses while pushing to knock down barriers that limited its size. A much different Citigroup was evident last week as it reported its quarterly results. Business lines like subprime

sentifi.com

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