Citigroup Inc at BancAnalysts Association of Boston Conference Transcript

Nov 03, 2022 / 12:55PM GMT
Gerard Sean Cassidy - RBC Capital Markets, Research Division - MD, Head of U.S. Bank Equity Strategy & Large Cap Bank Analyst

Thank you again, everybody, for joining us. We're here with Citigroup's Treasurer, Mike Verdeschi. Many of you know him. He's been at Citi for a number of years, joining the company back in 1990. And he's responsible for managing their treasury activities and particularly, obviously, managing the very large balance sheet that Citigroup has. The timing of this meeting couldn't be better with the announcement, of course, yesterday, of the Federal Reserve raising rates. And Mike just told me this morning that Bank of England raised rates by 75 basis points as well.

Questions and Answers:

Gerard Sean Cassidy - RBC Capital Markets, Research Division - MD, Head of U.S. Bank Equity Strategy & Large Cap Bank Analyst

So with that, what I'd like to do is maybe, in talking about the outlook, Mike, just what's your macro outlook? What are some of the indicators that you focus in on to watch to see what's going on?

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