Citi's core capital ratio drops 70 basis points

- By Alessandro Aimone
- @aimoneale
- 13 Apr 2018

Capital distributions and US tax reform lopped a combined $24 billion from Citigroup’s Common Equity Tier 1 (CET1) capital on the year, contributing to a reduction in its core capital ratio of 70 basis points.

Net income offset $16.3 billion of the capital depletion, and in total CET1 capital declined $8.5 billion year-on-year.

A $39.9 billion increase in risk-weighted assets (RWAs) in the

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