Mark Mason signed off as CFO with a classic "kitchen sink" quarter, taking a massive $1.2 billion charge to finally close the book on Russia. While the headline numbers looked messy and the stock took a 5% hit, there is a fundamental identity shift happening under the hood at Citigroup.

In this episode, Susie and Miro dig past the accounting noise to reveal how Jane Fraser’s "boring banking" thesis is finally proving itself: for the first time in a long time, the steady "plumbing" of Services revenue is significantly outpacing the volatile trading floor. 🏦

But it’s not all good news. We unpack a glaring warning sign in the Wealth division, where net new assets plummeted 61% despite a roaring bull market. Is the turnaround actually working, or are the wealthy voting with their feet?

We also discuss the regulatory "target state," the lifted consent order article, and why 2026 might finally be the year Citi gets a clean slate. Tune in for the unscripted breakdown. 📉