Citigroup Inc. Chief Executive Officer Jane Fraser is extending her retrenchment strategy by exiting distressed-debt trading -- a cash-intensive business whose profitability can vary widely from year
Citigroup (C) is expected to close its global distressed-debt trading business due to volatile returns, inherent business risk and operational challenges.
Dec 20 (Reuters) - U.S. lender Citigroup (C.N) is closing its global distressed-debt business as part of CEO Jane Fraser's overhaul, CNBC reported on Wednesday citing people with direct knowledge of t
Citigroup is exiting businesses with poor returns to bolster the bank's odds of hitting Fraser's performance targets.
Citigroup (C) plans the sale of its municipal bond business. The move underlines efforts to eliminate non-profitable segments and focus on core strengths to enhance profitability.
Long-term interest rates have been declining rapidly over the past two months. The timing is still good for income-seeking investors to buy shares of bond funds and one excellent example is the ICON F

Citi and JPMorgan upgraded to ‘buy' at Daiwa

01:31pm, Monday, 18'th Dec 2023
The 'Halftime Report' Investment Committee debate the bank trade in one of the biggest analyst calls of the day.
Citigroup (C) will reportedly split its Mexico retail unit Banamex from its corporate and investment banking business in the country by the second half of 2024.
Bank stocks are cheap and could see higher multiples with rate cuts and a manageable credit environment. Citigroup has lately been making good progress in restructuring its operations, setting up for
Citigroup employees worried about CEO Jane Fraser's sweeping overhaul expressed concern over whether their jobs will exist in the new year.
Citigroup Inc (NYSE:C) is shutting down its municipal underwriting and market-making division, according to an internal memo, Reuters reported. “The economics of these activities are no longer viab
Citigroup Inc.'s stock C, +1.82% was up by 0.7% in premarket trading on Friday after the bank said in an internal memo it's shutting down its municipal underwriting and trading units by March 31 of 20
Citigroup has decided to close its municipal underwriting and market-making activities, according to a memo seen by Reuters.

Citigroup Is Shutting Down Municipal Business

06:15pm, Thursday, 14'th Dec 2023
Citigroup Inc. is shutting its municipal business as it seeks to increase the firm's overall returns. Sally Bakewell reports on Bloomberg Television.
Corporate bonds from the big money-center banks are rallying in concert with their stock prices amid more bullish sentiment on Wall Street about potential interest-rate cuts in 2024.
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