Citibank 2011 Annual Report Download - page 147

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฀ Citi’s ability to achieve its targeted expense reduction levels as well as
ensuring the highest level of productivity of Citi’s previous or future
investment spending;
฀ the potential negative impact on the value of Citi’s deferred tax assets (DTAs)
if U.S., state or foreign tax rates are reduced, or if other changes are made to
the U.S. tax system, such as changes to the tax treatment of foreign business
income;
฀ the expiration of the active financing income exception on Citi’s tax
expense;
฀ the potential impact to Citi from evolving cybersecurity and other
technological risks and attacks, which could result in additional costs,
reputational damage, regulatory penalties and financial losses;
฀ the accuracy of Citi’s assumptions and estimates used to prepare its
financial statements and the potential for Citi to experience significant
losses if these assumptions or estimates are incorrect;
฀ the inability to predict the potential outcome of the extensive legal and
regulatory proceedings that Citi is subject to at any given time, and the
impact of any such outcomes on Citi’s businesses, business practices,
reputation, financial condition or results of operations;
฀ Citi’s inability to maintain the value of the Citi brand; and
฀ Citi’s concentration of risk and the potential ineffectiveness of Citi’s risk
management processes, including its risk monitoring and risk mitigation
techniques.
Any forward-looking statements made by or on behalf of Citigroup speak
only as to the date they are made, and Citi does not undertake to update
forward-looking statements to reflect the impact of circumstances or events
that arise after the date the forward-looking statements were made.