Fighting with one hand tied behind our back is how Citigroup (C  +1.5%) CEO Corbat...

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

Fighting with one hand tied behind our back is how Citigroup (C  +1.5%) CEO Corbat describes the bank with one-third of its capital tied up in activities contributing nothing to earnings - Citi Holdings and the $55B Deferred Tax Asset. The good news, he says, is both of these should wind down over time, meaning the bank will have significant excess capital. In the meantime, optimization of capital is a must.