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The Best Thing Going for Citigroup? It’s the Worst

Stephen Gandel
The Best Thing Going for Citigroup? It’s the Worst

Citigroup Inc. has struggled to regain its footing since the financial crisis. The stock is still down more than 60 percent since the fall of Lehman Brothers Holdings Inc., the worst performance by far of the big U.S. banks. The firm’s efficiency ratio, or expenses as a percentage of revenue, has been less than 60 percent for the past three years.