Citi to Wind Down Consumer and Local Commercial Banking Businesses in Russia
Posted on 09/01/2022
On August 25, 2022, Citi (Citigroup Inc.) 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. As part of the wind-down, Citi will also continue to actively pursue sales of certain Russian consumer…
