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Citi CFO Mason warns of mixed year for bank even as recovery continues 06/15/2021 21:53 (Reuters) - Citigroup Inc’s finance chief Mark Mason on Tuesday predicted a strong economic recovery this year as more people get vaccinated, but cautioned that may not translate into better profits for the bank because of a slowdown in institutional businesses and higher expenses. It s been a consumer-led recovery, the CFO said, particularly driven by the significant take up that we ve seen as it relates to vaccinations. The bank, however, does not expect a sizeable uptick in corporate loan growth for the rest of the year, Mason warned, even as consumer borrowing is seen picking up in the second half.

Lisa shumakerNiket nishantJane fraserCitigroup incMark masonMiddle eastChief executive officer jane fraserலிசா ஷூமகேர்நீக்கேத் நிஷாந்த்ஜேன் ஃப்ரேசர்சிட்டி குழுமம் இன்க்சிட்டி குழுமம்குறி கொத்தனார்நடுத்தர கிழக்குதலைமை நிர்வாகி அதிகாரி ஜேன் ஃப்ரேசர்