Citibank 2013 Annual Report Download - page 162

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• the potential impact to Citi’s delinquency rates, loan loss reserves and net
credit losses as Citi’s revolving home equity lines of credit begin to “reset”;
• results from the Comprehensive Capital Analysis and Review (CCAR)
process and evolving supervisory stress tests and the potential impacts
on Citi’s ability to return capital to shareholders and market perceptions
of Citi;
• Citi’s ability to successfully execute on and achieve its ongoing execution
priorities and the potential impact its inability to do so could have on the
achievement of its 2015 financial targets;
• Citi’s ability to utilize its deferred tax assets (DTAs), including the foreign
tax credit components of its DTAs, and thus utilize the regulatory capital
supporting its DTAs for more productive purposes;
• the potential impact on the value of Citi’s DTAs if corporate tax rates in
the U.S. or certain state or foreign jurisdictions decline, or if other changes
are made to the U.S. tax system, such as changes to the tax treatment of
foreign business income;
• the possibility that Citi’s interpretation or application of the extensive
tax laws to which it is subject, such as with respect to withholding tax
obligations and stamp and other transactional taxes, could differ from
that of the relevant governmental taxing authorities;
• Citi’s failure to maintain its contractual relationships with various third-
party retailers and merchants within its U.S. credit card businesses in NA
RCB, 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;
• 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;
• changes in the administration of or method for determining LIBOR on
the value of any LIBOR-linked securities and other financial obligations
held or issued by Citi; 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.