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How Citigroup’s Consumer Banking Segment Performed in 1Q18

Robert Karr
How Citigroup’s Consumer Banking Segment Performed in 1Q18

US banks (XLF) have seen subdued credit offtake amid rising interest rates over the past few quarters. Thus, bankers are looking to business outside of the US to expand their lending books, credit card business, and add new assets under management. Europe, the Middle East, and emerging markets have seen strong growth in recent quarters with stable growth in strategic transactions, fundraising, and joint ventures. Citigroup’s (C) Global Consumer Banking segment’s revenue grew 7% to $8.4 billion in 1Q18.