Corbat: Time is Not Right to Shed Citigroup Assets
Jan. 24 (Bloomberg) -- Michael Corbat, CEO at Citigroup, discusses assets the company has shed in the past four years and when he sees them being able to do more to trim their operating businesses. He speaks from the World Economic Forum in Davos on Bloomberg Television's "On The Move."
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Monte Dei Paschi Seeks Plan Approval
22:31 - Banca Monte dei Paschi di Siena SpA Chief Executive OfficerMarco Morelli may present the bank’s board on Monday with a new business plan targeting more than 1 billion euros ($1.1 billion) in annual profit by 2019, daily Il Messaggero reported. Morelli, who took over last month, is seeking to raise 5 billion euros and the bank has said it’s readying a third share sale in two years, as well as preparing to offload 28 billion euros of bad loans. Aberdeen Asset Management Senior Investment Manager Ben Ritchie discusses the outlook for European banking with Anna Edwards and Manus Cranny on "Bloomberg Daybreak: Europe."