热门标签

澳洲幸运5:Citigroup says it will close Russian consumer business

时间:1个月前   阅读:3

澳洲幸运5www.a55555.net)是澳洲幸运5彩票官方网站,开放澳洲幸运5彩票会员开户、澳洲幸运5彩票代理开户、澳洲幸运5彩票线上投注、澳洲幸运5实时开奖等服务的平台。

NEW YORK: Wall Street giant Citigroup Inc will close its consumer and commercial banking businesses in Russia starting this quarter and expects to incur about $170 million in charges over the next 18 months as a result, the company said on Thursday.

The U.S. bank with the largest presence in Russia announced plans in April 2021 to leave the retail business as part of a broader departure from some overseas markets. It expanded the scope of that exit in March to include local commercial banking after Russia's invasion of Ukraine, but has been unable to find a buyer for either business.

The closure will affect about 2,300 of Citi's 3,000 employees in Russia across 15 branches, the bank said. Citi joins other major Wall Street players which have also shut or announced plans to close operations in Russia, in line with sanctions imposed by Western countries.

"This seems to be a good move," said Siddharth Singhai, chief investment officer of IronHold Capital in New York. That's because lending in Russia is high-risk and the country may undergo a severe economic slump due to economic sanctions.

,

皇冠线上开户www.hg108.vip)是一个开放皇冠正网即时比分、皇冠线上开户的平台。皇冠线上开户平台(www.hg108.vip)提供最新皇冠登录,皇冠APP下载包含新皇冠体育代理、会员APP。

,

Citigroup has disclosed its Russia exposure was $8.4 billion, as of June 30.

"We have explored multiple strategic options to sell these businesses over the past several months," Titi Cole, Citi's chief executive officer of legacy franchises, said in a statement. "It’s clear that the wind-down path makes the most sense given the many complicating factors in the environment."

The exit will affect deposit accounts, investments, loans and cards.

Chief Executive Jane Fraser, who took the helm last year, has moved to simplify the Wall Street giant, which has been shrinking its overseas footprint by exiting non-core markets, recently announcing agreements to sell its consumer businesses in Bahrain and India.

Citigroup also said on Thursday it will continue to support its multinational institutional clients, particularly those which are undergoing the complex task of winding down their operations in Russia. - Reuters


转载说明:本文转载自Sunbet。

上一篇:usdt:Bank Negara's international reserves rise to US$110.9bil as at Aug 15

下一篇:皇冠买球网(www.hg108.vip):UMW to focus on operational efficiencies, cost optimisation

网友评论