Citigroup’s Corbat Says Spending Needed for Full Recovery

http://www.bloomberg.com/news/2013-05-12/citigroup-s-corbat-says-spending-needed-for-full-recovery.html

Michael Corbat, hunting for revenue seven months into his tenure as chief executive officer ofCitigroup Inc. (C), said the improving U.S. housing market and declining unemployment won’t ignite the nation’s economy unless companies start spending.