"The environment is a challenging and dynamic one," says new Citigroup (C) CEO Mike Corbat in a...

|About: Citigroup Inc. (C)|By:, SA News Editor

"The environment is a challenging and dynamic one," says new Citigroup (C) CEO Mike Corbat in a memo to employees preparing them for change. "Regulatory, legislative, and economic changes around the world present headwinds ... we must be vigilant about how we allocate our resources." (Interesting: "regulatory/legislative" beat out "economic" as headwinds)