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The global economic slowdown and uncertainty is expected to hurt Citi's business and also reduce the fees that it can collect from helping corporations with their financial markets transactions. The growing rate-fixing scandal involving the London interbank offered rate, or LIBOR, is expected to be among the issues Pandit will face when speaking with analysts and investors after the release. The process for setting LIBOR has come under scrutiny since Britain's Barclays bank admitted two weeks ago that it had submitted false information to keep the rate low. Citi is one of the banks that submits data used in setting the rate. Citigroup shares closed Friday at $26.65, basically flat since the start of the year. Share traded as high as $38.40 during their recent peak in March.
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