Mike Mayo had a triumphant tone on the Citi earnings call.
The Wells Fargo analyst has been calling for Citi to divest its Asian consumer businesses with such regularity and belligerence that it had become something of a running gag in the industry.
Yesterday, he got his way, as new chief executive Jane Fraser announced plans to get out of 13 Asian and EMEA consumer franchises – including China.
“What are you, 45 days in the job?” he asked Fraser.
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