Citi considers splitting largest division: Report

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Citi (C) is considering a structure overall that would split its Institutional Clients Group into three separate business segments, according to a report from the Financial Times. The proposed move would split the Institutional Clients Group into investment and corporate baking, global markets, and transaction services. Yahoo Finance Senior Reporter David Hollerith explains that each division would report to Citi CEO Jane Fraser, who would oversee the day-to-day operations of each division. Hollerith explains the move by stating, "Fraser is part of a long list of Citi CEOs, going back to 2000, who have been trying to reshape Citi based on what they think the bank's success should look like." Subscribe to Yahoo Finance: https://yhoo.it/2fGu5Bb About Yahoo Finance: At Yahoo Finance, you get free stock quotes, up-to-date news, portfolio management resources, international market data, social interaction and mortgage rates that help you manage your financial life. Yahoo Finance Plus: With a subscription to Yahoo Finance Plus get the tools you need to invest with confidence. Discover new opportunities with expert research and investment ideas backed by technical and fundamental analysis. Optimize your trades with advanced portfolio insights, fundamental analysis, enhanced charting, and more. To learn more about Yahoo Finance Plus please visit: https://yhoo.it/33jXYBp Connect with Yahoo Finance: Get the latest news: https://yhoo.it/2fGu5Bb Find Yahoo Finance on Facebook: http

Published 2023-08-21 · Watch on YouTube ↗
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