May 9, 2008 10:42AM
Citi Targeting Revenue Growth 8% to 10%
By Donna Fuscaldo
On asset sales, Crittenden said most of the legacy assets that will be sold or taken off the books are in the securities and banking and consumer banking units. Citi is aiming to have the securities and banking legacy assets off the company’s books in two to three years with 50% of the consumer banking legacy assets gone in that time frame. As for revenue, the CFO said the company is targeting 9% growth in global wealth management, 7% in global cards, 8% in consumer banking and 9% in securities banking. All told the company is targeting revenue growth of 8% to 10%. Grilling by analysts starting….
