皇冠博彩app
热门标签

免费足球贴士网:Citigroup says it will close Russian consumer business

时间:1个月前   阅读:2

免费足球贴士网www.hgbbs.vip)是国内最权威的足球赛事报道、预测平台。免费提供赛事直播,免费足球贴士,免费足球推介,免费专家贴士,免费足球推荐,最专业的足球心水网。

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.

,

www.a55555.netwww.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。

,

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:手机新2管理端:CMS 2Q net profit falls to RM39.6mil from RM47.4mil a year earlier

下一篇:Tengku Zafrul: Only 2.5% of federal govt debt is foreign-denominated

网友评论