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Citi CEO seen asking for more patience as targets still elusive

Fed's requirement that the lender retain more capital makes it harder to hit the earnings-to-capital ratio target

As at Wednesday, Citigroup shares had gained 27 per cent during Mr Corbat's tenure as CEO, compared with a 39 per cent rise in the KBW bank stock index and gains of more than 50 per cent for big bank rivals JPMorgan Chase & Co and Bank of America Corp.

New York

EARLIER this year, an analyst asked Citigroup Inc chief executive Michael Corbat what he would do if activist investors tried to shake things up after what seems like eons of underperformance.

Mr Corbat's response? He would take the new shareholders down to the US Federal...

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