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Citigroup Inc.'s efforts to improve its return on tangible common equity received a boost from tax reform and allowed the bank to revise its goals and outlook, CFO John Gerspach said during a Sept. 12 investor presentation.
Citi is 12 months into its strategic plan to improve ROTCE, and its efforts should be incrementally improved by tax reform. Gerspach said executives can achieve the bulk of their targeted ROTCE improvement through...
