From Yahoo Finance: 2025-06-14 14:01:00

Citigroup Inc. (NYSE:C) is increasing its loan loss provisions, setting aside more money in preparation for potential loan repayment issues. Citi’s Head of Banking, Vis Raghavan, stated that credit costs may rise this quarter by more than anticipated, signaling a dynamic provisioning strategy and cautious approach to credit management.

As interest rates and inflation continue to impact consumers, Citigroup (C) is reinforcing its credit buffers alongside industry peers. CEO Jane Fraser remains cautiously optimistic about the health of the US consumer, noting that credit losses are manageable within a slowly normalizing credit cycle.

Citigroup Inc. (NYSE:C) is a global financial services firm offering banking, investment, and wealth management solutions worldwide. The company remains focused on maintaining a strong balance sheet and credit quality amidst economic uncertainties.

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Read more: Citigroup (C) Raises Loan Loss Provisions