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- On August 25, 2022, Citi announced that as part of its continued efforts to reduce its operations and exposure in Russia, it will wind down its consumer banking and local commercial banking operations in the country.
en.wikipedia.org/wiki/Citibank_Russia
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Citi continues to reduce its operations and exposure to Russia. Citi will be ending nearly all of the institutional banking services in Russia by the end of 1Q2023. Citi’s only operations in Russia will be those necessary to fulfill its remaining legal and regulatory obligations.
- Citi to Wind Down Consumer and Local Commercial Banking ...
At the end of the second quarter 2022, Citi's remaining...
- Citi to Wind Down Consumer and Local Commercial Banking ...
We are moving with urgency to complete our assessment of our operations in Russia. In April 2021, we announced our intent to exit our consumer business in the country.
Aug 25, 2022 · At the end of the second quarter 2022, Citi's remaining exposure to Russia stood at $8.4 billion, down from $9.8 billion at 2021 year-end, of which approximately $1 billion is related to the consumer and local commercial banking businesses in Russia.
Mar 14, 2022 · Citi’s latest announcement comes after Goldman Sachs and JPMorgan announced last week they will leave Russia. Deutsche Bank on Friday said it will get out of Russia, reversing its previous...
Oct 14, 2022 · Citigroup on Friday announced plans to shut down its institutional banking operations in Russia as Vladimir Putin’s assault on Ukraine stretches into its seventh month. Citi had said in August...
Aug 25, 2022 · Aug 25 (Reuters) - Wall Street giant Citigroup Inc (C.N) will close its consumer and commercial banking businesses in Russia starting this quarter and expects to incur about $170 million in...
Mar 14, 2022 · Citigroup, the biggest U.S. bank in Russia, will pull out more business. Citi will expand its exit, announced last April, and stop seeking new clients in Russia.
