Citibank 2012 Annual Report Download - page 158

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•฀ Citi’s ability to achieve its announced or anticipated expense reductions,
including as a result of external factors outside of its control;
•฀ Citi’s ability to utilize DTAs, including its ability to generate U.S. taxable
earnings during the relevant carry-forward periods, particularly the FTC
carry-forward periods;
•฀ the potential impact on the value of Citi’s 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;
•฀ Citi’s failure to maintain its contractual relationships with various
retailers and merchants within its U.S. credit card businesses in NA RCB,
such as the Citi-AAdvantage card program, and the potential impact any
such failure could have on the results of operations or financial condition
of those businesses;
•฀ the potential impact to Citi from continually evolving cybersecurity
and other technological risks and attacks, including additional costs,
reputational damage, regulatory penalties and financial losses;
•฀ the potential impact on Citi’s performance, including its competitive
position and ability to execute its strategy, if Citi is unable to hire or retain
qualified employees;
•฀ the possibility of incorrect assumptions or estimates in Citi’s financial
statements, and the potential impact of regulatory changes to financial
accounting and reporting standards on how Citi records and reports its
financial condition and results of operations;
•฀ the potential impact of changes in the method for determining LIBOR
on the value of any LIBOR-linked debt securities and other financial
obligations held or issued by Citi and on Citi’s results of operations or
financial condition; and
•฀ the effectiveness of Citi’s risk management and mitigation processes and
strategies, including the effectiveness of its risk models.
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.