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Citigroup's (C) planned exit from South Korea's consumer banking business will result in cash charges in the range of $1.2-$1.5 billion. The exit is expected to have a favorable effect on its financials over time.
It won't be long before the world's banks begin thinking about trading cryptocurrencies, the former CEO of Citigroup said at a recent FinTech event. The moment will come in the next few years, Vikram Pandit told the Singapore Fintech Festival, per Bloomberg News.
NEW YORK--(BUSINESS WIRE)--Citi today opened its new global headquarters branch featuring a state-of-the-art Client Center in New York City's Tribeca neighborhood, offering a view into the future of retail banking. The unique 7,000-square foot concept space can easily transform in configuration and shape to help customers craft experiences ranging from the most public to the most private, from the most simplistic of activities to complex investment planning. “Our customers and the communities t
Citigroup Inc. C, -0.01% said Monday it will take $1.2 billion to $1.5 billion in charges against earnings for its previously announced wind down plan in Korea, according to a filing. The costs are related to voluntary termination benefits.
NEW YORK--(BUSINESS WIRE)--Citi Chief Financial Officer Mark Mason released the following statement regarding the wind-down of the Korea Consumer Bank, which is part of Citi's strategic plan to exit 13 consumer markets in Asia and EMEA to refocus its presence on four wealth centers: Hong Kong, Singapore, London and the UAE. Citi will continue to invest in and grow its institutional franchises in the two regions. “We continue to have good conversations with potential buyers of our consumer busin
(Reuters) -Citigroup Inc said on Monday it expects to take a charge of nearly $1.2 billion to $1.5 billion related to the closure of its consumer banking business in South Korea.
Today brings the NRDS stock IPO as NerdWallet begins trading. Here's what you should know as this personal finance site goes public.
As we have noted on multiple occasions, one of the few sectors in which companies applaud higher interest rates is the financials.
Citigroup Inc said on Thursday it will require all U.S. employees to be vaccinated against COVID-19 as a condition of their employment.
Citigroup told staff Thursday that US-based employees will be required to get fully vaccinated if they want to stay employed.