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Citigroup’s CFO Says Leverage Ratio in June Surpassed 5%

Citigroup Inc., the third-biggest U.S. bank, said its ratio of capital to total assets averaged 4.9 percent in the second quarter and in June exceeded the 5 percent minimum that U.S. regulators proposed last week.

The bank disclosed the second-quarter Basel III supplementary leverage ratio in its second-quarter earnings report today. Chief Financial Officer John Gerspach said that figure rose toward the end of the period.