Citigroup Delivers Better-Than-Expected Trading Results

The transcript discusses the current trading environment, highlighting Citigroup's strategy amidst market volatility. Jane Fraser, CEO of Citigroup, plans to invest in the investment bank despite lower capital markets activity and a $1.5 billion reserve build due to Russia exposure. The discussion also covers emerging themes from US bank earnings, such as consumer strength and rising interest rates. Citigroup's strategic plan aims to expand in commercial and investment banking, competing with Bank of America, while managing regulatory challenges.

What is the significance of the 1.5 billion dollar reserve related to Russia exposure?

What themes are emerging from the bank earnings reports of US majors?