Citigroup Still Has A Way To Go In Cost-Cutting Program - Presented by: The Aol. On Network

At a meeting with 300 senior Citigroup officials in the first week of February, Chief Executive Michael Corbat said the bank needed to focus on two things above all else this year: expenses and efficiency. The bank's first quarter results on Monday showed just how much work Citigroup executives have ahead of them in those areas. In Citigroup's main businesses, revenue fell 3.5 percent in the quarter while operating expenses eased only 1.5 percent compared with a year earlier, the bank said.



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