The footnotes to the 2014 financial statements of Citigroup, the holding company for Citibank, contained the following

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The footnotes to the 2014 financial statements of Citigroup, the holding company for Citibank, contained the following information (dollars in millions):

Allowance for Credit Losses 2014 2013 2012 Allowance for loan losses at beginning of year $30,115 Provision for credit l


REQUIRED:
a. Fill in the missing values and comment on any trends across the three-year period. Specifically comment on the trend concerning the annual estimate for consumer loan losses.
b. As of the end of 2014, the company had outstanding loan receivables of $644,635: $369,970 in consumer loans and $274,665 in corporate loans. Which of the two categories appears to be the riskier? Why?

Financial Statements
Financial statements are the standardized formats to present the financial information related to a business or an organization for its users. Financial statements contain the historical information as well as current period’s financial...
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