“The cost of credit is kind of as we’ve been talking about for some time now, which is it normalizes over the next couple of years at levels that are consistent with what we’ve seen kind of prior to this COVID cycle that we’ve been managing through.”

In context

“e you some guidance here we gave it to you both on the top line and the middle line for ‘23. And then importantly, when we talk about the medium term, it’s both the continued revenue growth, the 4% to 5% CAGR that I referenced, but it’s also bringing the expenses down from this ‘23 forecast. And I mentioned in the prepared remarks, the drivers of what’s going to bring these expenses down. The combination of the exit of the businesses and the expenses going away associated with that with the benefits that we start to generate from the transformation spend and then org simplification that this type of strategic restructuring, if you will, in exiting all these countries will create an opportunity for. And so it’s a combination of revenue growth, expense bending of that curve and coming down. The cost of credit is kind of as we’ve been talking about for some time now, which is it normalizes over the next couple of years at levels that are consistent with what we’ve seen kind of prior to this COVID cycle that we’ve been managing through. Glenn Schorr: I appreciate that. Thank you. Just one quick follow-up on poly, not my norm, but I normally try to respect this type of process. But Mark, we consider your super important part of this transformation. there has been news out there that you talking to one of my other companies, but would you be able to make any comments? You mentioned just some moment staying on – sorry to put you on the spot, but I think a lot of people care. Mark Mason: I appreciate that, Glenn, and Citi is an important firm. I’m the CFO of this firm and this strategy is something that I’m focused on with Jane, ensuring that we execute on right and in a way that creates shareholder value for our investors. And so we’re committed to getting that done. Jane Fraser: Together. Mark Mason: Together. Operator: Th”