Citi bank is plagued with various issues from an impending retail services exit in Japan to major problems with regulators since 2004 on the banks anti-money laundering program. Earlier this year the Federal Reserve Bank also rejected Citi from executing a buyback and dividend plan they had hoped to roll out. CEO Michael Corbat has taken the initiative to exit Citi out of a few major retail markets as low interest rates make it hard for Citi to make lending profits. Retail offices have been closed in emerging areas like Eastern Europe and the South Americas. Retail arms of the business were sold in both Greece and Spain with risk related write offs skyrocketing over the past few years.