Citigroup Plans To Close Global Distressed-Debt Business: Report - Citigroup (NYSE:C)
Citigroup Inc (NYSE: C) is reportedly planning to close its global distressed-debt business.
Source: benzinga.com
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Citigroup Expects Reorganization To Cost $1B, Complete In Q1: Report - Citigroup (NYSE:C)
Yesterday at the Goldman Sachs conference, Citigroup Inc (NYSE: C) Chief Financial Officer Mark Mason reportedly disclosed the bank's largest reorganization in decades will cost about $1 billion for charges related to restructuring and severance.
Source: benzinga.com
Citigroup Eyes New Private Credit Strategy Next Year: Report - Citigroup (NYSE:C)
Citigroup Inc (NYSE: C) is reportedly poised to venture into direct lending, aiming to debut this new strategy by early January, reflecting a broader trend among banks seeking to tap into the burgeoning $1.6 trillion private credit market.
Source: benzinga.com