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What to Expect of Citigroup’s Core Banking Business

What to Expect of Citigroup’s Core Banking Business

Credit offtake is a major driver for US banks (XLF) in 2018, as rate hikes have helped in rate spreads or margins. Banks with globally diversified offerings can garner credit growth in Europe, Middle East, and Asia. Major banks managed credit offtake growth of 5.0%–7.0% in 2017, and this growth can fall by 150–200 basis points in 2018.