The views expressed on this podcast are those of the participants, not of Reuters' News.

City Group ends a nine-year investor drought.

Chinese conglomerate H&A puts shareholders in a spin,

and Google may have to embrace transparency

to fend off Washington's skepticism. These are the issues we'll be tackling later in this week's

views room, a weekly conversation among breaking views columnists about the ups and downs of the

world of finance. I'm Anthony Curry, and my co-host is Jennifer Saber. Hi, Jen. Hello. All right. So first

we're going to turn to Citigroup. This is the first time since 2008 that they have decided to have

a shareholder meeting, which is crazy to me, but perhaps you can take us through it. So on Tuesday,

chief executive Mike Corbatt presided over the banks' first Investor Day in nine years. You were there.

What happened? Well, actually, not only was I there on Tuesday, I was also there nine years ago.

It made me wonder whether it's time I got a new job. And this was pre-crisis. Well, it was mid-crisis.

It was May 2008, where Vikram Pandit, the then CEO, had been in charge for, I'm going to say about

six months, they'd already gone out and raised some money from investors to try and cover

some of the losses that had caused the previous CEO Chuck Prince to have to resign.

All these, remember that the Alphabet Soup at the time, MBS, CDOs, you name it, Citi got

hit by it and had tens of billions of dollars of losses.

That's basically still the story nine years later, not that they are still suffering from losses,

but those losses were transferred into what are called deferred tax assets, which is a very boring name,

which basically means that because you lost money in the past, you now have these

tax benefits that you can use as long as you make enough money to use them. The problem is,

Citi had so many of them, and it has to count against your capital, that it now reduces their

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