Michael Corbat


Last quote by Michael Corbat

We've repaired a lot of relationships. From a credit perspective, from an earnings perspective, from a business model perspective, we put the company through a massive restructuring, and now we're showing what the company can do.feedback
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Jul 26 2017
We can learn a lot about a person if we know what types of things he or she talks about or comments on the most frequently. There are numerous topics with which Michael Corbat is associated, including Consumer Bank and Group. Most recently, Michael Corbat has been quoted saying: “If you look at how we've defined growth, we've gone from 60 consumer markets to 40, we've gone from covering 32,000 institutional clients to 14. We think, within our own target client base, there's plenty of growth.” in the article Citigroup CEO Michael Corbat talks regaining credibility and finding growth by scaling down.
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Michael Corbat quotes

Jul 25 2017

As you know, it has been a while since we have hosted an Investor Day. Some people have asked why now? We chose this time because we, the management and our board, believe Citi has crossed an inflection point. We are now clearly on a path to both growth and stronger returns.feedback

Jun 30 2017

Today marks a significant milestone for Citi and our shareholders.feedback

Jun 28 2017

For some time, we have retained a significant amount of capital in excess of what is needed to prudently operate and invest in the firm. Now we can begin delivering on two of our most important priorities –returning a higher level of that capital to our shareholders and improving Citi's overall returns.feedback

Apr 21 2017 - Twitter

Anytime I hear this term '21st-Century Glass-Steagall,' I ask what it is. And I have yet to have anybody really tell me what's there. Just the tone from the top is an important message and signal. And I think we've seen very clearly that the president and the administration is very pro-growth, pro-jobs.feedback

Apr 13 2017 - Twitter

I have yet to have anybody really explain to me what value there is in terms of either a reinstatement of Glass-Steagall, which is in itself strange, or what '21st century Glass-Steagall' is. We continue to ask about it but not necessarily be that focused on it.feedback

Apr 13 2017 - Mexico

The momentum we saw across many of our businesses towards the end of last year carried into the first quarter, resulting in significantly better overall performance than a year ago.feedback

Jan 26 2017

If you go back to our history 205 years and since then, through wars, through trade wars, through depressions, through recessions, we've supported U.S. companies all over the world and in this, we will continue to do that. I think a lot of it depends on what form any type of tariffs may take on, and it's tough to tell.feedback

Jan 18 2017

We had a strong finish to 2016, bringing momentum into this year. We drove revenue growth in our businesses and demonstrated strong expense discipline across the firm.feedback

Oct 18 2016

In this type of environment, it just takes a little bit of time.feedback

Oct 14 2016

In the quarter, both our Global Consumer Bank and Institutional Clients Group had solid year-over-year revenue increases in nearly every business line and geography. We also continued to grow core loans and deposits while reducing non-core assets to just 3% of our balance sheet.feedback

Sep 16 2016

It's accretive to our shareholders, the returns are solid. So right now I really don't see it's an area where we would contemplate selling.feedback

Aug 12 2016

Today with millennials, if you're not educating, challenging and stimulating them, they're up and gone.feedback

Apr 15 2016

While our market-sensitive products clearly suffered from weak investor sentiment during the quarter, we continued to make progress in several key areas.feedback

Jan 21 2016

We're in a new paradigm right now where growth is probably going to be lower longer, and we've got economies, including the U.S. economy, that need to adjust to that.feedback

Jan 21 2016

We view what's going on really as more a repricing than any big fundamental shift. The combination of China, oil and probably a different outlook of Fed stance or policy from probably just a month ago have people questioning portfolio mix, asset selection, and we think the market's adjusting to that.feedback

Jan 15 2016

Overall, we had strong performance during 2015. The $17.1 billion we generated in net income was the highest since 2006, when our company was very different in terms of headcount, footprint, mix of businesses and assets.feedback

Dec 05 2012

We have identified areas and products where our scale does not provide for meaningful returns. We will further increase our operating efficiency by reducing excess capacity and expenses.feedback

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