欧博会员开户:Citigroup says it will close Russian consumer business

2022-08-30 3 views 0

扫一扫用手机浏览

皇冠管理端登3网址皇冠管理端登3网址(www.99cx.vip)实时更新发布最新最快最有效的皇冠管理端登3网址、皇冠管理端登3手机网址,包括新2登3手机网址,新2登3备用网址,皇冠登3最新网址,新2足球登3网址,新2网址大全。

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.

,

欧博会员开户www.aLLbet8.vip)是欧博集团的官方网站。欧博官网开放Allbet注册、Allbe代理、Allbet电脑客户端、Allbet手机版下载等业务。

,

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。

Allbet网站内容转载自互联网,如有侵权,联系www.ALLbetgame.us删除。

本文链接地址:http://www.lijiweihejin.com/post/10277.html

相关文章

发表评论