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The consumer bank will still operate "wealth centres" in Singapore, Hong Kong, London and the United Arab Emirates.

Citigroup profit jumps, plans Asia and EMEA exits as Fraser makes her mark By David Henry A view of the exterior of the Citibank corporate headquarters in New York, New York (Reuters) -Citigroup Inc trounced first-quarter profit expectations, thanks to a rebound in the broader economy and a jump in investment banking activity, and said it will exit some overseas businesses as new chief executive Jane Fraser starts to make her mark on the country’s third-largest lender. The bank reported $7.94 billion in profit, triple the $2.54 billion it made a year earlier, as it released funds s...

FinanceCitigroup profit jumps, plans Asia and EMEA exits as Fraser makes her mark ReutersDavid Henry 5 minutes read A view of the exterior of the Citibank corporate headquarters in New York, New York, U.S. May 20, 2015. REUTERS/Mike Segar/File Photo Citigroup Inc (C.N) trounced first-quarter profit expectations, thanks to a rebound in the broader economy and a jump in investment banking activity, and said it will exit some overseas businesses as new chief executive Jane Fraser starts to make her mark on the country's third-largest lender. The bank reported $7.94 billion in profit, triple th...

America's addiction to Funyuns is helping Pepsi rake in a massive profit From CNN Business' Danielle Wiener-Bronner TonelsonProductions/Shutterstock The snacks and beverage giant reported net revenue growth of 6.8% in the 12 weeks that ended on March 20 compared to the same period last year. That's a pretty good showing, given the pantry loading frenzy that took hold of Americans around this time last year. What's behind the sales boost? PepsiCo's strategic acquisitions and people's love for snacks, among other things. Lay's had low-single digit growth, the company said Thursday. Tostito...

ABC News Turn on desktop notifications for breaking stories about interest? OffOn Corporations become unlikely financiers of racial equity An unexpected group, not known for activism, emerged in 2020 as an unlikely financier of social change: corporations By HALELUYA HADERO AP Business Writer March 17, 2021, 4:30 PM • 8 min read The Associated Press A group of protesters march in the snow around the Hennepin County Government Center, Monday, March 15, 2021, in Minneapolis where the second week of jury selection continues in the trial for former Minneapolis police officer Derek Chauvin. Cha...