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2026-04-14 20:59:37
[Citigroup CFO: Transformation 90% Complete, Major M&A Deals Delayed from Q1 to Q2] ⑴ Citigroup Chief Financial Officer Gonzalo Luchetti stated in a media conference call that the transformation is 90% complete, with most aspects awaiting internal validation. ⑵ He anticipates a positive impact from changes in regulatory capital, but cannot yet estimate the amount of excess capital released. ⑶ He expressed satisfaction with the growth momentum of the investment banking business, and the M&A pipeline remains strong. ⑷ Major M&A deals have been postponed from Q1 to Q2, and the pipeline outlook is positive.
