[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: How do Citigroup's revenues compare to last year?
### Assistant: Citigroup's revenues, excluding divestitures, are relatively flat compared to last year.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: What is Citigroup's revenue guidance for the year?
### Assistant: Citigroup's revenue guidance for the year is $78 billion to $79 billion.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: Is Citigroup on track to meet its expense guidance for the year?
### Assistant: Citigroup is on track to meet its expense guidance for the year.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: What cost-saving opportunities is Citigroup pursuing?
### Assistant: Citigroup is pursuing cost-saving opportunities to help offset the significant investments in its transformation.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: How did the TTS services perform in terms of revenue?
### Assistant: The TTS (Treasury and Trade Solutions) services performed well in terms of revenue.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: What were the drivers of revenue growth in TTS services?
### Assistant: The drivers of revenue growth in TTS services were both net interest income and noninterest revenue.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: How is Citigroup executing its strategy?
### Assistant: Citigroup is executing its strategy by remaining focused on their plan and their medium-term ROTCE target.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: How is Citigroup simplifying and modernizing its bank?
### Assistant: Citigroup is simplifying and modernizing its bank as part of its strategy.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: What investments is Citigroup making in its transformation?
### Assistant: The specific investments Citigroup is making in its transformation are not mentioned in the given text.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: How is Citigroup offsetting the significant investments in its transformation?
### Assistant: Citigroup is offsetting the significant investments in its transformation by pursuing cost-saving opportunities.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: What is the name of Citigroup's latest innovation?
### Assistant: The name of Citigroup's latest innovation is CitiDirect Commercial Banking.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: How much were the assets under custody and administration up by in the last year?
### Assistant: The assets under custody and administration were up by approximately $2.4 trillion in the last year.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: How much were the markets revenues down compared to the previous year?
### Assistant: The markets revenues were down 13% compared to the previous year.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: What were the reasons for the decrease in markets revenues?
### Assistant: The decrease in markets revenues was due to clients standing on the sidelines as the debt ceiling played out and experiencing low levels of volatility throughout the quarter.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: How did Citigroup's investment banking revenues perform in the last quarter?
### Assistant: Citigroup's investment banking revenues performed poorly in the last quarter, with a decrease of 24%.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: What areas has Citigroup been making investments in?
### Assistant: Citigroup has been making investments in selected areas such as technology and healthcare.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: How has Citigroup's cards businesses performed in terms of revenue growth?
### Assistant: Citigroup's cards businesses have had double-digit revenue growth.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: Which sectors have shown strong spend in Citigroup's branded cards?
### Assistant: The branded cards sector has shown strong spend in travel and entertainment.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: What has been the impact on Citigroup's wealth revenues?
### Assistant: Citigroup's wealth revenues were down 5% due to the negative impact of the deposit mix shift and lower investment revenues.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: Which regions have shown increased activity and net new assets in Citigroup's wealth business?
### Assistant: Asia has shown increased activity and net new assets in Citigroup's wealth business.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: How have expenses been affected in the current quarter?
### Assistant: Expenses were elevated in the current quarter, including additional repositioning actions taken to rightsize certain businesses and functions.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: What actions has Citigroup taken to rightsize certain businesses and functions?
### Assistant: Citigroup has taken actions to rightsize certain businesses and functions in light of the current environment.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: What is Citigroup's plan for its remaining two Asia consumer franchises?
### Assistant: Citigroup plans to close the sales of its remaining two Asia consumer franchises by year-end.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: What progress has Citigroup made in winding down its consumer businesses?
### Assistant: Citigroup has made excellent progress in winding down its consumer businesses, aided by material asset sales.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: What is Citigroup's plan for the IPO of Banamex?
### Assistant: Citigroup plans to IPO Banamex after exploring a sale.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: What progress has been made in preparing for the IPO of Banamex?
### Assistant: Progress has been made in separating the two businesses fully in preparation for the IPO of Banamex.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: What systems are being tested for the retained businesses?
### Assistant: The new systems for the retained businesses are being tested.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: How much progress has been made in reducing legacy exposures?
### Assistant: Citigroup has made significant progress in reducing legacy exposures.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: Which countries are the remaining exposures primarily focused on?
### Assistant: The remaining exposures are primarily focused on Mexico, Poland, and Korea.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: How has the deposit mix shift impacted Citigroup's private bank?
### Assistant: The deposit mix shift has negatively impacted Citigroup's private bank.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: What has been the impact on Citigroup's investment revenues?
### Assistant: Citigroup's investment revenues have been lower.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: How has customer engagement aided Citigroup's revenue growth in the cards businesses?
### Assistant: Customer engagement has aided Citigroup's revenue growth in the cards businesses.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: How has Citigroup's network of client advisors and bankers contributed to new client acquisition?
### Assistant: Citigroup's network of client advisors and bankers has contributed to new client acquisition.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: What is Citigroup's target for bending the expense curve by the end of '24?
### Assistant: Citigroup's target is to bend the expense curve by the end of '24.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: How will Citigroup's investments in transformation and risk and control initiatives benefit the client experience?
### Assistant: Citigroup's investments in transformation and risk and control initiatives will improve the client experience by modernizing infrastructure, automating controls, and enhancing the client experience.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: What is the expected timeline for bringing down expenses at Citigroup?
### Assistant: The expected timeline for bringing down expenses at Citigroup is through the second half of the year and over the medium term.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: How does Citigroup plan to reduce its capital ratios?
### Assistant: Citigroup plans to reduce its capital ratios through the exit of 14 international consumer markets, transformation investments, change in business mix, and other levers such as capital allocation, DTA utilization, G-SIB score, and management buffer.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: What factors contributed to the increase in expenses for the second quarter?
### Assistant: The increase in expenses for the second quarter was driven by factors including investment in risk and controls, business-led and enterprise-led investments, volume growth, macro factors such as inflation, and severance. However, these increases were partially offset by productivity savings and expense reductions from exits and wind-downs.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: How did Citigroup's net income and EPS compare to the previous year?
### Assistant: The net income and EPS for Citigroup in the second quarter were approximately $2.9 billion and $1.33, respectively. It is not specified how these figures compare to the previous year.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: What was Citigroup's ROTCE for the second quarter?
### Assistant: The ROTCE for Citigroup in the second quarter was 6.4%.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: What were the main drivers of revenue decline for Citigroup?
### Assistant: The main drivers of revenue decline for Citigroup in the second quarter were declines in markets, investment banking, and wealth, as well as the revenue reduction from the closed exits and wind-downs.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: How did the closure of international consumer markets impact Citigroup's capital ratios?
### Assistant: The closure of 14 international consumer markets is expected to help reduce Citigroup's capital ratios.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: What levers does Citigroup have to pull over time to manage its capital allocation?
### Assistant: Citigroup has levers to pull over time to manage its capital allocation, including capital allocation, DTA utilization, G-SIB score, and a management buffer of 100 basis points.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: How much capital did Citigroup return to shareholders in the second quarter?
### Assistant: Citigroup returned a total of $2 billion in capital to shareholders in the second quarter.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: What was Citigroup's CET1 ratio at the end of the second quarter?
### Assistant: Citigroup's CET1 ratio at the end of the second quarter was 13.3%.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: How did Citigroup's tangible book value per share change in the second quarter?
### Assistant: Citigroup's tangible book value per share grew to $85.34 in the second quarter.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: How does Citigroup plan to determine its level of capital return in the future?
### Assistant: Citigroup plans to determine its level of capital return on a quarter-to-quarter basis.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: What divestiture-related impacts were embedded in Citigroup's financial results?
### Assistant: The text does not specify the specific divestiture-related impacts embedded in Citigroup's financial results.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: How did total revenues change for Citigroup in the second quarter?
### Assistant: Total revenues for Citigroup decreased by 1% in the second quarter, both on a reported basis and excluding divestiture-related impacts.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: What were the main factors driving the increase in expenses for Citigroup?
### Assistant: The main factors driving the increase in expenses for Citigroup in the second quarter were investment in risk and controls, business-led and enterprise-led investments, volume growth, macro factors such as inflation, and severance.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: What was the cost of credit for Citigroup in the second quarter?
### Assistant: The cost of credit for Citigroup in the second quarter was approximately $1.8 billion.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: What was Citigroup's effective tax rate for the quarter?
### Assistant: Citigroup's effective tax rate for the quarter was 27%, primarily driven by the geographic mix of its pre-tax earnings. Excluding divestiture-related impacts, the effective tax rate was 26%.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: How much total reserves did Citigroup have at the end of the quarter?
### Assistant: Citigroup had over $20 billion in total reserves at the end of the quarter.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: What was Citigroup's reserves-to-funded-loans ratio?
### Assistant: Citigroup's reserves-to-funded-loans ratio was approximately 2.7%.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: What was Citigroup's ROTCE for the first half of 2023?
### Assistant: Citigroup reported an ROTCE of 8.7% for the first half of 2023.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: What were the main factors contributing to the expense variance for the second quarter?
### Assistant: The main factors contributing to the expense variance for the second quarter were investment in risk and controls, business-led and enterprise-led investments, volume growth, macro factors such as inflation, and severance.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: How did investments in risk and controls impact Citigroup's expenses?
### Assistant: Investments in risk and controls increased Citigroup's expenses.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: What factors partially offset the increase in expenses for Citigroup?
### Assistant: Productivity savings and expense reductions from exits and wind-downs partially offset the increase in expenses for Citigroup.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: What was the severance amount for Citigroup in the quarter?
### Assistant: The severance amount for Citigroup in the quarter is not specified in the given text.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: How did productivity savings and expense reductions from exits and wind-downs affect Citigroup's expenses?
### Assistant: Productivity savings and expense reductions from exits and wind-downs helped reduce Citigroup's expenses.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: How much did Citigroup invest in technology and full-time employees?
### Assistant: Citigroup invested in technology and full-time employees, but the exact amount is not mentioned in the given text.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: What are the themes of Citigroup's transformation and technology investments?
### Assistant: The themes of Citigroup's transformation and technology investments are platform and process simplification, security and infrastructure modernization, client experience enhancements, and data improvements.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: How much did Citigroup spend on technology in the quarter?
### Assistant: Citigroup spent $3 billion on technology in the quarter, representing a 13% increase.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: What were the drivers of the increase in net interest income for Citigroup?
### Assistant: The drivers of the increase in net interest income for Citigroup were dividends, higher rates, and cards growth. However, there was a mix shift to higher rate deposit products within PBWM that partially offset the increase.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: How did average loans and deposits change for Citigroup?
### Assistant: Average loans were flat, with growth in PBWM offset by the wind-down markets and a decline in ICG. Average deposits were down 2%, largely driven by TTS, but there was strong growth in operating accounts.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: What is Citigroup's reserves-to-funded-loans ratio?
### Assistant: Citigroup's reserves-to-funded-loans ratio is approximately 2.7%.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: What percentage of Citigroup's lending exposures are in U.S. cards?
### Assistant: 44% of Citigroup's lending exposures are in U.S. cards.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: What is the NCL rate for Citigroup's lending exposures?
### Assistant: The NCL (Net Credit Loss) rates for Citigroup's lending exposures are still below pre-COVID levels and are normalizing in line with expectations.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: What percentage of Citigroup's PBWM lending exposure is in wealth?
### Assistant: Approximately 56% of Citigroup's PBWM lending exposure is in wealth, predominantly in mortgages and margin lending.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: What percentage of Citigroup's ICG portfolio is investment-grade?
### Assistant: Approximately 85% of Citigroup's ICG portfolio is investment-grade.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: What is the percentage of investment-grade exposure in Citigroup's international portfolio?
### Assistant: Approximately 90% of Citigroup's international exposure is investment-grade or exposure to multinational clients or their subsidiaries.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: How many commercial real estate lending exposures does Citigroup have?
### Assistant: The text does not specify the number of commercial real estate lending exposures Citigroup has.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: What is the total amount of investment-grade commercial real estate lending exposures for Citigroup?
### Assistant: The total amount of investment-grade commercial real estate lending exposures for Citigroup is $59.4 billion.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: How much is Citigroup's balance sheet funded by its deposit base?
### Assistant: Citigroup's balance sheet is funded, in part, by a well-diversified $1.3 trillion deposit base.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: How many countries does Citigroup's institutional deposit base span across?
### Assistant: Citigroup's institutional deposit base spans across 90 countries.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: How much are Citigroup's HQLA and loans?
### Assistant: Citigroup's HQLA (High-Quality Liquid Assets) is approximately $584 billion, and its loans amount to approximately $661 billion.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: What is Citigroup's total liquidity resources?
### Assistant: Citigroup maintains total liquidity resources of just under $1 trillion.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: What is Citigroup's LCR and net stable funding ratio?
### Assistant: Citigroup's LCR (Liquidity Coverage Ratio) was relatively stable at 119%, and its net stable funding ratio was greater than 100%.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: What is Citigroup's CET1 ratio?
### Assistant: Citigroup's CET1 (Common Equity Tier 1) ratio is 13.3%.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: What is Citigroup's tangible book value per share?
### Assistant: Citigroup's tangible book value per share is $85.34.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: How much did Citigroup's tangible book value per share increase by?
### Assistant: Citigroup's tangible book value per share increased by 6%.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: How much did Citigroup's net interest margin increase by?
### Assistant: Citigroup's net interest margin increased by 7 basis points.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: How much did Citigroup's average deposits decrease by?
### Assistant: Citigroup's average deposits decreased by 2%.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: What is the percentage of Citigroup's PBWM lending exposure in mortgages and margin lending?
### Assistant: The text does not specify the exact percentage of Citigroup's PBWM lending exposure in mortgages and margin lending.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: How much did Citigroup's technology spend increase by in the quarter?
### Assistant: The text does not mention the specific increase in Citigroup's technology spend in the quarter.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: What was Citigroup's net income to common a year ago?
### Assistant: The text does not provide information about Citigroup's net income to common a year ago.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: How much did Citigroup return in the form of common dividends and share repurchases?
### Assistant: The text does not provide information about how much Citigroup returned in the form of common dividends and share repurchases.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: What was the decrease in basis points driven by RWA growth?
### Assistant: The text does not provide information about the decrease in basis points driven by RWA growth.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: What was Citigroup's CET1 Capital ratio at the end of the quarter?
### Assistant: Citigroup's CET1 Capital ratio at the end of the quarter was 13.3%.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: What is Citigroup's expected regulatory capital requirement in October 2023?
### Assistant: Citigroup's expected regulatory capital requirement in October 2023 is 12.3%.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: What is the increase in Citigroup's stress capital buffer?
### Assistant: The text does not provide information about the increase in Citigroup's stress capital buffer.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: Who is Citigroup in dialogue with to understand differences in noninterest revenue?
### Assistant: Citigroup is in dialogue with the Fed to understand differences in noninterest revenue.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: What is Citigroup's strategy designed to do?
### Assistant: Citigroup's strategy is designed to further diversify their business mix, have a more consistent, predictable, and repeatable revenue stream, as well as reduce risk and simplify their firm by exiting 14 international consumer markets.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: How many international consumer markets is Citigroup planning to exit?
### Assistant: Citigroup is planning to exit 14 international consumer markets.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: How will Citigroup's strategy and simplification efforts impact RWA and capital?
### Assistant: Citigroup's strategy and simplification efforts will allow them to improve RWA and capital over time.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: How will Citigroup offset anticipated headwinds in capital requirements and RWA?
### Assistant: Citigroup will offset anticipated headwinds in capital requirements and RWA through the continued optimization of their balance sheet.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: How will Citigroup reassess the deployment of capital?
### Assistant: Citigroup will reassess the deployment of capital by continuing to assess how and where they deploy capital and reassessing the appropriate level of their management buffer over time.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: What were the results for Citigroup's institutional clients group in the second quarter?
### Assistant: The text provides information about the results for Citigroup's institutional clients group in the second quarter, including revenues being down 9% and net income being approximately $2.2 billion, down 45%.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: How much were revenues down for Citigroup's institutional clients group in the second quarter?
### Assistant: Revenues were down 9% for Citigroup's institutional clients group in the second quarter.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: What were the key drivers of expenses increasing for Citigroup's institutional clients group?
### Assistant: The key drivers of expenses increasing for Citigroup's institutional clients group were continued investment in TTS and risk and controls, as well as approximately $120 million of severance in investment banking and markets, partially offset by productivity savings.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: How much was the cost of credit for Citigroup?
### Assistant: The cost of credit for Citigroup was $58 million.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: What was the net income for Citigroup's institutional clients group in the second quarter?
### Assistant: The net income for Citigroup's institutional clients group in the second quarter was approximately $2.2 billion.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: What was the ROTCE for Citigroup's institutional clients group in the quarter?
### Assistant: The ROTCE for Citigroup's institutional clients group in the quarter was 9.2%.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: How did average loans perform for Citigroup's institutional clients group?
### Assistant: Average loans were down 6% for Citigroup's institutional clients group.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: How did average deposits perform for Citigroup's institutional clients group?
### Assistant: Average deposits were up 1% for Citigroup's institutional clients group.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: How much did revenues increase in Treasury and trade solutions for Citigroup?
### Assistant: Revenues in Treasury and trade solutions for Citigroup increased by 15%.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: What were the underlying drivers indicating strong client activity in TTS for Citigroup?
### Assistant: The underlying drivers indicating strong client activity in TTS for Citigroup include U.S. dollar clearing volumes up 6%, cross-border flows up 11%, and commercial card volumes up roughly 15%.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: How did revenues perform in security services for Citigroup?
### Assistant: Revenues in security services for Citigroup were up 15%.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: What is the progress in securities services for Citigroup?
### Assistant: The progress in securities services for Citigroup includes onboarding assets under custody and administration, which were up approximately 11% or $2.4 trillion.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: How did markets revenues perform for Citigroup?
### Assistant: Markets revenues for Citigroup were down 13%, driven by both fixed income and equities relative to an exceptional quarter last year, coupled with low volatility this quarter.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: How much were Citigroup's equities revenues down by?
### Assistant: Citigroup's equities revenues were down by 10%.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: What was the primary reason for the decline in equity derivatives?
### Assistant: The primary reason for the decline in equity derivatives was not specified in the given text.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: What strategy is Citigroup continuing to implement?
### Assistant: Citigroup is continuing to implement their strategy of growing prime balances, driven by client wins.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: What is driving the growth in prime balances?
### Assistant: The growth in prime balances is driven by client wins.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: How would you describe the stability of corporate client flows?
### Assistant: The stability of corporate client flows is described as strong and stable.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: What progress has Citigroup made on their revenue-to-RWA chart?
### Assistant: The progress made on Citigroup's revenue-to-RWA chart is not specified in the given text.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: Why were banking revenues down by 22%?
### Assistant: Banking revenues were down by 22% due to heightened macro uncertainty impacting client activity, as well as lower revenues in corporate lending.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: What factors have impacted client activity in investment banking?
### Assistant: Heightened macro uncertainty and lower revenues in corporate lending have impacted client activity in investment banking.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: What areas of Citigroup's business require more work in ECM and M&A?
### Assistant: The areas of Citigroup's business that require more work in ECM (Equity Capital Markets) and M&A (Mergers and Acquisitions) are not specified in the given text.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: Which sectors do Citigroup believe their investments in healthcare and technology coverage will benefit?
### Assistant: Citigroup believes their investments in healthcare and technology coverage will benefit them over time.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: How much did revenues in personal banking and wealth management business increase by?
### Assistant: Revenues in the personal banking and wealth management business increased by 6%.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: What drove the growth in net interest income in personal banking and wealth management?
### Assistant: The growth in net interest income drove the growth in net interest income in personal banking and wealth management.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: Why were expenses up in personal banking and wealth management?
### Assistant: Expenses were up in personal banking and wealth management primarily driven by risk and control investments.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: What contributed to the increase in cost of credit?
### Assistant: The increase in cost of credit was driven by higher net credit losses and a reserve build, primarily driven by card balance growth.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: Which areas saw an increase in average loans?
### Assistant: Average loans increased in cards, mortgages, and installment lending.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: Why did average deposits decrease in personal banking and wealth management?
### Assistant: Average deposits decreased largely reflecting wealth clients putting cash to work in fixed-income investments on Citigroup's platform.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: What was the ROTCE for PBWM in the first half of 2023?
### Assistant: The ROTCE (Return on Tangible Common Equity) for PBWM (Personal Banking and Wealth Management) in the first half of 2023 was 5.5%.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: How did branded cards revenues perform?
### Assistant: Branded cards revenues performed well, with an increase of 8%.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: What were the key drivers for growth in branded cards?
### Assistant: The key drivers for growth in branded cards were higher net interest income, new account acquisitions, card spend volumes, and average loans.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: Why did retail banking revenues decrease?
### Assistant: Retail banking revenues decreased due to the transfer of relationships and associated deposits to the wealth business.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: How has Citigroup leveraged their retail network to drive wealth referrals?
### Assistant: Citigroup has leveraged their retail network to drive 25,000 wealth referrals year to date through May, up 18% year over year.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: Why were wealth revenues down?
### Assistant: Wealth revenues were down due to continued investment fee headwinds and higher deposit costs, particularly in the private bank.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: What drove the growth in Wealth at Work revenues?
### Assistant: The growth in Wealth at Work revenues was driven by strong lending results, primarily in mortgages.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: How did client advisors and new client acquisitions perform in the private bank and Wealth at Work?
### Assistant: Client advisors were down 1% and new client acquisitions were up nearly 40% in the private bank. In Wealth at Work, new client acquisitions were up approximately 60% in the second quarter.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: What were the main factors contributing to the decrease in revenues for legacy franchises?
### Assistant: The main factors contributing to the decrease in revenues for legacy franchises were the reductions from closed consumer exits and wind-downs, despite the benefit of higher rates and volumes in Mexico.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: What is Citigroup's net interest income guidance for the full year?
### Assistant: Citigroup's net interest income guidance for the full year is from $45 billion to slightly above $46 billion, excluding markets.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: How is Citigroup's noninterest revenue affected by investment banking and wealth?
### Assistant: Citigroup's noninterest revenue is affected by investment banking and wealth, resulting in lower noninterest revenue.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: What is Citigroup's expense guidance for the full year?
### Assistant: Citigroup's expense guidance for the full year is roughly $54 billion, excluding 2023 divestiture-related impacts and the FDIC special assessment.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: How are net credit losses in cards expected to normalize by year-end?
### Assistant: Net credit losses in cards are expected to normalize in the remainder of the year, with both portfolios reaching normalized levels by year-end.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: What is Citigroup's expected tax rate for the full year?
### Assistant: Citigroup's expected tax rate for the full year is approximately 25%, excluding discrete items and divestiture-related impacts.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: What is Citigroup's expectation for the third quarter in terms of client momentum and fees?
### Assistant: In the third quarter, Citigroup expects continued momentum with clients, including fees, and benefits from U.S. and non-U.S. rates on net interest income (NII).


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: How are expenses expected to change in the third quarter for Citigroup?
### Assistant: Expenses are expected to increase sequentially in the third quarter for Citigroup, driven by continued investments in transformation and risk and controls.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: How are net credit losses in cards expected to normalize in the third quarter?
### Assistant: Net credit losses in cards are expected to continue to normalize in line with expectations in the third quarter.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: What is Citigroup's effective tax rate for the third quarter?
### Assistant: Citigroup's effective tax rate for the third quarter is expected to be approximately 25%, excluding discrete items and divestiture-related impacts.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: How does Citigroup make decisions regarding buybacks?
### Assistant: Citigroup makes decisions regarding buybacks on a quarter-by-quarter basis.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: What is Citigroup's strategy for simplifying the firm and improving revenue mix?
### Assistant: Citigroup's strategy is to simplify the firm, improve their revenue mix, and bring both expenses and capital down over time.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: What is Citigroup's medium-term ROTCE target?
### Assistant: Citigroup's medium-term ROTCE target is mentioned but not specified in the given text.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: How does Citigroup balance the capital benefit and client impact when reducing the subscription credit facility?
### Assistant: Citigroup balances the capital benefit and client impact when reducing the subscription credit facility by considering the nature of the relationship and the profitability and returns associated with the product.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: Are there any other blocks of business in motion for Citigroup?
### Assistant: It is not mentioned in the given text if there are any other blocks of business in motion for Citigroup.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: How has Citigroup made progress in improving the revenue-to-RWA metric in their markets business?
### Assistant: Citigroup has made progress in improving the revenue-to-RWA metric in their markets business by selectively reducing lending products with low profitability and returns, such as the subscription credit facility.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: How does Citigroup determine whether clients are taking advantage of the breadth of their offerings?
### Assistant: Citigroup determines whether clients are taking advantage of the breadth of their offerings by assessing if clients are utilizing the full range of products and services available to them.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: How does Citigroup assess the profitability and returns associated with their products?
### Assistant: Citigroup assesses the profitability and returns associated with their products to determine if they are generating higher relationship returns and if the prospect for generating more returns is promising.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: How does Citigroup decide to reduce or renew loans in their corporate lending portfolio?
### Assistant: Citigroup decides to reduce or renew loans in their corporate lending portfolio based on whether the promises for higher relationship returns are manifesting themselves. If not, they choose not to renew those loans.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: Why is proactively making efforts to adjust to pending regulatory changes important for Citigroup?
### Assistant: Proactively making efforts to adjust to pending regulatory changes is important for Citigroup to ensure they are prepared and compliant with any regulatory requirements that may impact their business.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: What activities has Citigroup undertaken in the past to optimize their balance sheet?
### Assistant: Citigroup has undertaken activities in the past to optimize their balance sheet, such as reducing the subscription credit facility and selectively reducing loans in their corporate lending portfolio.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: How does Citigroup use their balance sheet to improve returns over time?
### Assistant: Citigroup uses their balance sheet to improve returns over time by optimizing its use and allocating capital to areas that generate higher returns.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: How does Citigroup evaluate the prospect for generating higher returns in their relationships with clients?
### Assistant: Citigroup evaluates the prospect for generating higher returns in their relationships with clients by assessing the profitability and returns associated with the products and services clients are utilizing.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: How does Citigroup prioritize opportunities to use their balance sheet?
### Assistant: Citigroup prioritizes opportunities to use their balance sheet based on the profitability and returns associated with the products and services clients are utilizing.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: How does Citigroup ensure they are optimizing the use of their balance sheet?
### Assistant: Citigroup ensures they are optimizing the use of their balance sheet by selectively reducing low-return products and reallocating capital to areas that generate higher returns.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: How does Citigroup drive the revenue-to-RWA metric in their business?
### Assistant: Citigroup drives the revenue-to-RWA metric in their business by selectively reducing low-return products, such as the subscription credit facility, and focusing on higher-return opportunities.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: How much has Citigroup reduced RWA over the past couple of years?
### Assistant: Citigroup has reduced RWA by approximately $120 billion over the past couple of years.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: What has predominantly driven the reduction in RWA for Citigroup?
### Assistant: Balance sheet optimization and looking at client activity that has low-margin business have predominantly driven the reduction in RWA for Citigroup.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: What is the importance of balance sheet optimization for Citigroup?
### Assistant: Balance sheet optimization is important for Citigroup as it helps reduce RWA and improve overall efficiency.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: Who is the analyst from Evercore ISI that asked a question?
### Assistant: The analyst from Evercore ISI who asked a question is Glenn Schorr.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: What is the current annualized NII for Citigroup?
### Assistant: The current annualized NII for Citigroup is running about $1.5 billion ahead of the guide.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: How does the current NII compare to the previous guidance?
### Assistant: The current NII is higher than the previous guidance.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: What are some headwinds that Citigroup is facing in terms of NII?
### Assistant: Some headwinds that Citigroup is facing in terms of NII include reaching terminal betas in the U.S., shifts in deposit volumes and mix, and wind-downs and exits.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: What are some potential tailwinds that Citigroup is expecting for NII?
### Assistant: Some potential tailwinds that Citigroup is expecting for NII include rate movements in non-U.S. dollar currencies and card volume growth.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: What is the forecasted total revenue for Citigroup?
### Assistant: The forecasted total revenue for Citigroup is between $78 billion to $79 billion.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: Who is the analyst from Seaport Global Securities that asked a question?
### Assistant: The analyst from Seaport Global Securities who asked a question is Jim Mitchell.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: How long will Citigroup keep Mexico as part of its franchise?
### Assistant: Citigroup plans to keep Mexico as part of its franchise until at least 2025.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: How does Citigroup plan to bend the expense curve?
### Assistant: Citigroup plans to bend the expense curve by bringing down absolute expense dollars from Q3 to Q4.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: What is the expense guidance for the full year for Citigroup?
### Assistant: The expense guidance for the full year for Citigroup is approximately $54 billion, excluding divestitures or the impact of FDIC special assessment.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: How will the bend in the expense curve be affected by Mexico still being part of the franchise?
### Assistant: The bend in the expense curve will still occur despite Mexico being part of the franchise, but the magnitude of the bend may be impacted.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: What are some factors contributing to the bending of the expense curve for Citigroup?
### Assistant: Factors contributing to the bending of the expense curve for Citigroup include exits, investments in transformation and risk and controls, and simplifying the organization.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: What investments has Citigroup been making to help reduce costs?
### Assistant: Citigroup has been making investments in technology to shift from manual processes to technology-enabled ones, which helps reduce costs.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: How is Citigroup simplifying its organization to reduce expenses?
### Assistant: Citigroup is simplifying its organization by streamlining processes and eliminating unnecessary complexities.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: What opportunities does the progress on exits open up for Citigroup?
### Assistant: Progress on exits opens up the opportunity for Citigroup to further simplify its organization.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: What actions is Citigroup taking to ensure the bending of the expense curve?
### Assistant: Citigroup is taking actions such as cost reduction initiatives, process improvements, and organizational simplification to ensure the bending of the expense curve.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: How does Citigroup plan to bring down absolute expense dollars from Q3 to Q4?
### Assistant: Citigroup plans to bring down absolute expense dollars from Q3 to Q4 by implementing cost reduction measures and optimizing processes.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: How does Citigroup plan to continue bending the expense curve in the medium term?
### Assistant: Citigroup plans to continue bending the expense curve in the medium term through ongoing cost reduction initiatives, process improvements, and organizational simplification.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: What is the expense guidance for Citigroup excluding divestitures and FDIC special assessment?
### Assistant: The expense guidance for Citigroup excluding divestitures and FDIC special assessment is approximately $54 billion.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: How does Citigroup plan to shift from manual processes to technology-enabled ones?
### Assistant: Citigroup plans to shift from manual processes to technology-enabled ones by investing in technology and automation.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: What benefits does Citigroup expect from its investments in transformation and risk and controls?
### Assistant: Citigroup expects benefits from its investments in transformation and risk and controls, including improved efficiency, cost savings, and enhanced risk management.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: What is the expected timeline for bending the expense curve for nonlegacy businesses at Citigroup?
### Assistant: The expected timeline for bending the expense curve for nonlegacy businesses at Citigroup is not specified in the given text.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: What is Citigroup's guidance on operating efficiency?
### Assistant: Citigroup's guidance on operating efficiency is less than 60%.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: How does Citigroup plan to bring down expenses?
### Assistant: Citigroup plans to bring down expenses by continuing to bend the cost curve and implementing strategies to reduce expenses over time.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: Who is the Chief Financial Officer of Citigroup?
### Assistant: The Chief Financial Officer of Citigroup is Mark Mason.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: Which analyst from Morgan Stanley asked a question during the earnings call?
### Assistant: Betsy Graseck from Morgan Stanley asked a question during the earnings call.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: What is Citigroup's CET1 ratio?
### Assistant: Citigroup's CET1 ratio is 13.3.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: What is the regulatory requirement for Citigroup's CET1 ratio?
### Assistant: The regulatory requirement for Citigroup's CET1 ratio is 12.3.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: How does Citigroup plan to improve its returns?
### Assistant: Citigroup plans to improve its returns by morphing the business towards a more steady, predictable, and consistent stream of revenues, as well as reducing expenses over time and exiting certain markets.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: What is the stress capital buffer for Citigroup starting October 1st?
### Assistant: The stress capital buffer for Citigroup starting October 1st is 4.3%.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: How does Citigroup plan to morph its business towards a more steady stream of revenues?
### Assistant: Citigroup plans to morph its business towards a more steady stream of revenues by focusing on fee revenue growth and reducing expenses over time.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: What is the target CET1 ratio for Citigroup as of October 1st?
### Assistant: The target CET1 ratio for Citigroup as of October 1st is 13.3.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: How does Citigroup evaluate buybacks quarter by quarter?
### Assistant: Citigroup evaluates buybacks quarter by quarter based on the uncertainty surrounding new capital requirements and the current macroeconomic environment.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: What is the industry expecting in terms of new capital requirements?
### Assistant: The industry is expecting more clarity on new capital requirements through the comment period.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: What is the current macroeconomic environment according to Citigroup's CEO?
### Assistant: The current macroeconomic environment is fairly uncertain.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: How does Citigroup plan to assess the uncertainty surrounding capital requirements?
### Assistant: Citigroup plans to assess the uncertainty surrounding capital requirements by continuing to evaluate the situation and making prudent decisions based on the environment and regulatory uncertainty.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: How has Citigroup proven its ability to build capital over the last two years?
### Assistant: Citigroup has proven its ability to build capital over the last two years.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: How much capital did Citigroup return to shareholders last quarter?
### Assistant: Citigroup returned $2 billion of capital to shareholders last quarter.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: What are Citigroup's intentions regarding capital return?
### Assistant: Citigroup's intentions regarding capital return are to be prudent in how they do so given the current environment and regulatory uncertainty, but also to return capital where they can.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: Who is the analyst from Wells Fargo who asked a question during the earnings call?
### Assistant: Mike Mayo from Wells Fargo asked a question during the earnings call.