New York — For the first time since receiving three government bail-outs during the 2007-09 financial crisis, Citigroup held a day-long conference for investors on Tuesday, marking another step in the recovery of what was once the biggest US bank. The meeting in New York, for about 250 invited stock analysts and investors came four weeks after the US Federal Reserve (Fed) said it would allow Citigroup to begin to trim back the extra capital it has built up. "Citi’s restructuring is over and, given our latest capital plan and improving business performance, this is the right time to talk about our path to growth and higher returns," Ed Skyler, who oversees Citigroup communications and government affairs, said on Monday. Citigroup is now the fourth-biggest US bank, with $1.82-trillion in assets at the end of June, down from $2.2-trillion in May 2008. In the meantime, the bank has sold and closed businesses around the world. Earlier in July CE Mike Corbat said he would use the revived ...
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