皇冠开户
热门标签

足彩预测(www.99cx.vip):Citigroup says it will close Russian consumer business

时间:1个月前   阅读:3   评论:1

足彩预测www.99cx.vip)是一个开放皇冠体育网址代理APP下载、皇冠体育网址会员APP下载、皇冠体育网址线路APP下载、皇冠体育网址登录APP下载的官方平台。足彩预测上足球分析专家数据更新最快。足彩预测开放皇冠官方会员注册、皇冠官方代理开户等业务。

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.

,

欧博电脑版下载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。

上一篇:新2注册(www.hg108.vip):Many Malaysians returned as experts after New Zealand education, says High Commissioner

下一篇:usdt官网(www.trc20.vip)_外交部:中国空气质量改善取得看得见、摸得着的实际成效

网友评论

  • 2022-09-07 00:34:36

    The police reportedly received a complaint about the disappearance of Zalina, 58, from her son, Mikhael Norman, 33, on November 29 last year, after the latter had tried to contact her since November 24, but to no avail.狠赞你!