Citigroup has stepped up its turnaround plan, shaking up management and cutting staff.
The bank is now focused on managing expenses as revenue streams dry up in the sluggish economy.
Citigroup (C) recently announced plans to eliminate 11,000 jobs in an effort to save billions of dollars over the next few years.
The move came shortly after Michael Corbat replaced Vikram Pandit as Citigroup's chief executive. Pandit, who took over in the wake of the financial crisis, stepped down in October amid questions about his compensation.
Investors have welcomed the cost cutting, sending shares of Citigroup up about 15% since Corbat became CEO. But it remains to be seen how much more efficiency can be squeezed out of the company.
Citigroup does have significant exposure to emerging markets in Asia and Latin America, which could translate to improved loan growth if those economies outperform the United States.
