CEO Says Citigroup Can't Be 'Everything To Everyone'



The economic expansion will help alleviate the pain of the Federal Reserve reducing its bond purchases, though transitions to higher interest rates are "never smooth," Corbat said.

"As a world we go into this one probably a bit better than we have historically," he said. "If you're extracting that excess liquidity as the rest of the economy, that powerful engine, is coming behind it, it should create for a better transition."

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