<div>Richard Parsons said the fact that Citi has been unable to repay its loans puts it at a disadvantage in terms of attracting and retaining key talent.<br /> </div>
<div>Last week, 10 major banks, including Goldman Sachs Group, Morgan Stanley, and JPMorgan Chase, said they would be allowed to begin repaying loans from the Troubled Asset Relief Program (Tarp).<br /> </div>
<div>“I do worry we could be competitively disadvantaged if we aren’t able to find a way to quickly repay Tarp," said Parsons, who added that he opposes caps on compensation.<br /> </div>
<div>He said the firm had a plan to repay its Tarp loan but did not give specifics.</div>