Citigroup's Corbat Credits Fewer Clients as Contributor to Turnaround

The video discusses the importance of managing risk in business growth, especially in competitive industries. It highlights the strategic focus of narrowing business scope and reducing institutional clients to manage risk effectively. The speaker emphasizes the need for risk management to align with the firm's capital and liquidity, reflecting on pre-crisis leverage issues. The video concludes with a discussion on the firm's global operations and commitment to challenging markets.

What are the implications of having an outsized risk in a financial institution?

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Why is it important for the firm to maintain a perspective on the challenging places it operates in?

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