March 11 (Reuters) - Citigroup Inc CEO Vikram Pandit, speaking at a conference:
* says shrinking of wholesale funding sources underscores
importantce of local deposits around the world
* 'Citicorp is our future'
* local consumer lending was biggest driver of performance in Citi
Holdings in 2009
* if economy does not deteriorate further, local consumer lending
reserves should be sufficient for future losses
* emerging markets revenue pool will grow over twice as fast as
developed markets in Citicorp
((New York Equities Desk; tel: +1 646 223 6000))
(For more news about Citigroup Inc click here:) COPYRIGHT Copyright Thomson Reuters 2010. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
* says shrinking of wholesale funding sources underscores
importantce of local deposits around the world
* 'Citicorp is our future'
* local consumer lending was biggest driver of performance in Citi
Holdings in 2009
* if economy does not deteriorate further, local consumer lending
reserves should be sufficient for future losses
* emerging markets revenue pool will grow over twice as fast as
developed markets in Citicorp
((New York Equities Desk; tel: +1 646 223 6000))
(For more news about Citigroup Inc click here:) COPYRIGHT Copyright Thomson Reuters 2010. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
© 2010 AFX News
