Bloomberg) -- Citigroup Inc. Chief Executive Officer Michael Corbat said volatilityprobably will rise later this year as investors get more aggressive to reach their annual goals.
Money managers have struck a defensive tone in 2014 and will have to take more risk in the second half to hit their targets, Corbat told analysts today at an investor conference. The latter part of this year may see Citigroup rid itself of OneMain Financial Inc., the subprime lender tagged for sale, he said.
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