Citigroup CFO Gary Crittenden told CNBC that the bank has a "very strong capital base" even though the US government had to prop up the troubled banking giant on Friday, the third rescue attempt in five months.
Crittenden also said it was too early to tell if Citigroup would need additional capital from the government beyond the $45 billion it's already received.
Here are the highlights of the wide-ranging interview with Crittenden shortly after the government rescue effort was announced Friday:
Stress Test, Additional Capital
“We ran a stress test that is more difficult and more conservative than what the government’s stress test appears to be. And when you go through that process, we would still categorize as [having a] very strong capital base.”
“The government stress test has just come out and we don’t know how those economic factors are going to translate into the financial impact that those economic factors are going to have. No one would know that because those discussions haven’t happened with the government. And secondly, we don’t know what kind of eventual level of capital the government is going to require…”