There's no question Citigroup (C 2.15%) was a mess coming out of the financial crisis. The bank seemingly carried more toxic assets on its books than any investor could even imagine. Fast forward to today, and Citigroup has wound down most of these bad loans and refocused its business. The bank reported fourth-quarter earnings on Thursday morning, and while the results weren't headline-grabbing, significant progress continues to be made.

In this segment of The Motley Fool's financials-focused show, Where the Money Is, banking analysts Matt Koppenheffer and David Hanson discuss the results and why investors need to give CEO Michael Corbat more time to streamline the business and get employees and clients to buy into the new strategy.