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How Citigroup Is Managing Credit Costs on Growing Retail Lending

Robert Karr
How Citigroup Is Managing Credit Costs on Growing Retail Lending

Banks (XLF) have improved their efficiency ratios by deploying funds in technology and reducing administrative costs. Citigroup (C) reported an efficiency ratio of 58.0% in the first quarter, in line with Q1 2017. On a sequential basis, the bank has seen a reserve release on its credit card portfolio.