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Many large shareholders admit they invest in Citi not because of the company, which may be impossibly complex, but because of Mr Weill's track record.
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To applause from shareholders, Cryan admitted: "Litigation expenses of this magnitude are completely unacceptable".
The chairman Kaspar Villiger sought to mollify angry shareholders by admitting to mistakes by UBS and saying "what happened should not have been allowed to happen".
Sharp faces a tricky meeting with Ashley as he is under pressure from shareholders after admitting that sales had been hit by aggressive discounting in the runup to Christmas.
Vivendi reported a record annual profit of €2.9bn (£2.47bn) for 2011, thanks to the exceptional performance of Activision Blizzard, but disappointed shareholders by admitting that earnings will not grow until 2014 because of issues at SFR.
The news came even as Euro Disney dismayed long-suffering shareholders by admitting that its net profits for the latest fiscal year fell by 47%.See article: Disney in Hong KongLeo Burnett and MacManus, two big American advertising agencies, are about to get bigger still.
JPMorgan has been under intense scrutiny from regulators and some shareholders since admitting in May 2012 that it would record trading losses from derivatives positions.
Agius responded to a question from a shareholder by admitting that the bank was looking at "what enhancements we can make" to the offer being made to members of the final-salary scheme.
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