How has Citigroup's International Consumer Banking unit performed during the past 12 months of financial market turbulence? Revenues are up, assets have increased, and deposits have risen. The group has been "managing and growing our business and staying close to our customers during very challenging market conditions," according Maura Markus, evp and head of Citi's international consumer banking effort.
"We continue to bring new products to China, Russia, Japan, and other countries," says Markus. "We're not just hiding our heads in the sand and waiting for things to return to normal-whatever normal means. We're actively engaging with customers, looking at their portfolios and helping them focus on the long-term."