Citigroup Inc. (NYSE:C) Q2 2023 Earnings Call Transcript

Mark Mason: Well, again, I think the point I’d make here is that, we continue to see clients shift from kind of noninterest-bearing deposits and into both interest-bearing and CDs and other higher-yielding products in light of the rate environment that we’re in. And I would expect us to continue to see those types of shifts subject to how rates continue to evolve. And again, on the corporate side, we’ve seen in the US clients have reached kind of those terminal — that terminal level, terminal betas, I should say, outside of the US rate hikes, I think, are still in the future, as Jane alluded to, and the terminal betas have not quite yet been reached. But in terms of the noninterest bearing, we are seeing that dynamic play out.

Operator: Thank you. This does conclude Citi’s second quarter 2023 earnings review call. You may now disconnect at any time.