We had terrific results, yet we're not firing on all cylinders. The one we're not firing on is our consumer business, which we saw good customer interaction and lower credit costs, but we also saw revenue growth was not where we hoped it would be.
More Quotes from Charles Prince:
I am very pleased with our first quarter accomplishments, which included strong growth in client activity across many franchises. We are seeing the benefits from our investment spending, which helped generate record revenues in our international businesses and record revenues globally in our corporate and investment banking business. Strength in these franchises more than offset weaker results in our U.S. consumer business.Charles Prince
We have the opportunity to grow the consumer business dramatically.
Charles Prince
It is a key priority for Citigroup to resolve major cases like this one and to put a difficult chapter in our history behind us,
Charles Prince
I have communicated to Mike that we are supportive of his new venture and hope to be able to make a meaningful investment.
Charles Prince
We are going to shift the mix strongly to international.
Charles Prince
If we could see our way to a more substantial stake, we would be interested. For us to buy a small interest and just be along for the sleigh ride isn't the right model.
Charles Prince
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