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Tuesday, December 2, 2008
Customers Protect Citi
Citigroup's deposit base and loan book are growing,Gary Crittenden pointed out.There will be continuous re-engineering of the company,and that's healthy for it.The deal could be a template for other banks.We brought our assets down by 300 billion dollars.Our legacy assets are exposed to the consumer,but our ex-U.S. customers are mostly in the Citigold category,which should mute the impact of the financial crisis,Gary Crittenden maintained.
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