Originally Posted by
RedSun
So far, Citi is not going anywhere with its current focus on global institutional business. Now its new CEO wants to build up the high-net-worth business on a global scale. But that won't change much, in particularly to our US business. Citi just can't add 2,000 branches over the next couple of years. Even with HSBC's exiting US consumer banking, Citi can't even buy that business due to regulatory restrictions.
I do not see much change coming to US credit card and Citigold etc....
The problem of Citi is going cheap and pissing off customers.
Just for the consumer market alone, a quick search will reveal that practically all Citi's consumer products have been experienced downgrade in the last 20 years. If Citi wants to go back to the top, fix this first.