Citigroup plans to split Institutional Clients division – 08/21/2023 at 14:30

(AOF) – The chief executive of Citigroup, Jane Fraser, plans to dismantle the largest division of the bank, says the Financial Times. The plan would split the Institutional Clients division – which generated nearly three-quarters of Citi’s $14.8 billion in net income – into its three main business segments: corporate and investment banking, capital markets…

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