All things considered, 2017 was a relatively calm year for Citigroup, if not an optimistic one. After years of restructuring, stalled earnings, and a stock price that lagged its big-bank peers, Citi signaled that it was ready to accelerate growth in its first investors day since the 2008-09 financial crisis. The bank said it plans to boost earnings per share to $9 by 2020, up 69% in the course of three years. Its strategy? Leverage Citi’s global payments network, which reaches more countries than that of any other bank.
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Kushner met with the lenders shortly before the loans were made