Wealth and Asset Management
Citigroup profit triples on reserve release, to exit some consumer unit
Citigroup trounced market estimates for first-quarter profit on Thursday as the third-largest US lender released reserves set aside for loan losses from the pandemic, while disclosing plans to exit some overseas consumer units. The divestment comes as Jane Fraser, who took charge as chief executive officer on March 1, tries…
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Click here to read the full story: The Business Times