"America's global bank," as Citigroup Inc. was dubbed this year by its chief executive, has finally found something in America to be encouraged about.
For the first time since the company began crawling out of the loan distress accompanying the financial crisis, its quarterly net credit losses tied to consumer lending shrank faster in North America than in the rest of the world, perhaps signaling that the overseas recovery trends Citi has benefited from all year are finally starting to make landfall here.
Register or login for access to this item and much more
All Bank Investment Consultant content is archived after seven days.
Community members receive:
- All recent and archived articles
- Conference offers and updates
- A full menu of enewsletter options
- Web seminars, white papers, ebooks
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access