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The decision by Citigroup to exit its municipal bond business unwinds another part of the "financial supermarket" amassed by Sandy Weill a quarter century ago.
By Tatiana Bautzer NEW YORK (Reuters) - Citigroup has decided to close its municipal underwriting and market-making activities, according to a memo se...
(CTN News) - According to a memo obtained by Reuters, Citigroup has decided to cease its municipal underwriting and market-making............
Citigroup has decided to close its municipal underwriting and market-making activities, according to a memo seen by Reuters.
Citigroup (C) is shutting down its municipal bonds business, as leadership deemed the unit's economics are "no longer viable." Based on a memo from Head of Markets Andy Morton and