Citi today issued the following statement regarding the feedback it received from The Federal Reserve Board (Fed) and the Federal Deposit Insurance Corporation (FDIC) on its 2017 Resolution Plan:

Michael Corbat, Citi's Chief Executive Officer, said: "We are pleased that neither the Fed nor the FDIC found any deficiencies or shortcomings in our 2017 Resolution Plan. Ensuring that Citi can be resolved without the use of taxpayer funds and without adverse systemic impact is critical to being recognized as an indisputably strong and stable institution."


Citi, the leading global bank, has approximately 200 million customer accounts and does business in more than 160 countries and jurisdictions. Citi provides consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, transaction services, and wealth management.

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