19 hours ago
Citigroup hosts investors for first time since the financial crisis
For the first time since receiving three government bailouts during the 2007-2009 financial crisis, Citigroup Inc on Tuesday is holding a day-long conference for investors, marking another step in the recovery of what was once the biggest U.S. bank. The meeting in New York, for about 250 invited stock analysts and investors, plus anyone who wants to listen over the internet, comes four weeks after the Federal Reserve said it would allow Citigroup to begin to trim back the extra capital it has built up since the crisis. "Citi's restructuring is over and, given our latest capital plan and improving business performance, this is the right time to talk about our path to growth and higher returns," Ed Skyler, who oversees Citigroup communications and government affairs, said on Monday.