Yahoo Canada Web Search

Search results

1. • • US bank Citigroup is to close its remaining branches and consumer banking operations in Russia as it exits the country in protest at the war in Ukraine. The move, which affects 2,300 staff in the country, follows an exodus of Western businesses over the conflict.
     www.bbc.com/news/business-62659394

     Ukraine war: Citi bank to close Russian branches - BBC

2. People also ask

   What's happening with Citi in Russia?

   • Sign up to receive the latest from Citi. 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.

   Update Regarding Citi's Operations in Russia - Citigroup

   www.citigroup.com/global/news/perspective/2022/update-regarding-citis-operations-in-russia

   See all results for this question

   What happened to Citibank in Russia?

   • The New York Times Citigroup’s Consumer Bank in Russia Was for Sale. Now It’s Just Closing. The bank will wind down its retail and local commercial banking services in the country by closing branches and laying off workers. The closures would cut about $1 billion from Citi’s remaining $8.4 billion exposure to Russia.

   Citigroup’s Consumer Bank in Russia Was for Sale. Now It’s Just Closing

   www.nytimes.com/2022/08/25/business/citigroup-russia-exit.html

   See all results for this question

   What happened to Citigroup in Russia?

   • Citigroup announced on Thursday that it would wind down the retail and local commercial banking services in Russia that it had earlier hoped to sell. The bank will close 15 branches and lay off or move 2,300 workers, according to a statement.

   Citigroup’s Consumer Bank in Russia Was for Sale. Now It’s Just Closing

   www.nytimes.com/2022/08/25/business/citigroup-russia-exit.html

   See all results for this question

   Does Citi still operate in 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.

   Russia - Citigroup

   www.citigroup.com/global/about-us/global-presence/russia

   See all results for this question

   Why is Citigroup closing branches in Russia?

   • US bank Citigroup is to close its remaining branches and consumer banking operations in Russia as it exits the country in protest at the war in Ukraine. The move, which affects 2,300 staff in the country, follows an exodus of Western businesses over the conflict.

   Ukraine war: Citi bank to close Russian branches - BBC

   www.bbc.com/news/business-62659394

   See all results for this question

   How much money does Citi invest in Russia?

   • 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.

   Citi to Wind Down Consumer and Local Commercial Banking ... - Citigro…

   www.citigroup.com/global/news/press-release/2022/citi-to-wind-down-consumer-and-local-commercial-banking-businesses-in-russia

   See all results for this question

3. www.citigroup.com › global-presence › russiaRussia - Citigroup

   www.citigroup.com › global-presence › russia

   • Cached

   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...

4. www.citigroup.com › global › newsUpdate Regarding Citi's Operations in Russia - Citigroup

   www.citigroup.com › global › news

   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.

5. www.citigroup.com › global › newsCiti to Wind Down Consumer and Local Commercial Banking ...

   www.citigroup.com › global › news

   • Cached

   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.

6. www.ft.com › content › 732324f6-465c-4ff1-80cf-eaacCitigroup accelerates exit from Russian operations

   www.ft.com › content › 732324f6-465c-4ff1-80cf-eaac

   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...

7. www.bbc.com › news › business-62659394Ukraine war: Citi bank to close Russian branches - BBC

   www.bbc.com › news › business-62659394

   Aug 25, 2022 · US bank Citigroup is to close its remaining branches and consumer banking operations in Russia as it exits the country in protest at the war in Ukraine. The move, which affects 2,300 staff in the...

8. www.ft.com › content › 894144b6-c785-4fd5-8a3b-76747Citigroup ‘running out of options’ in push to sell Russian bank

   www.ft.com › content › 894144b6-c785-4fd5-8a3b-76747

   Mar 10, 2022 · Citigroup’s long-planned sale of its Russian retail bank is stuck in legal limbo following Moscow’s invasion of Ukraine, raising the odds the US bank will have to wind down the operation.

9. www.nytimes.com › citigroup-russia-exitCitigroup’s Consumer Bank in Russia Was for Sale. Now It’s ...

   www.nytimes.com › citigroup-russia-exit

   Aug 25, 2022 · Citigroup announced on Thursday that it would wind down the retail and local commercial banking services in Russia that it had earlier hoped to sell. The bank will close 15 branches and lay off...