Exit at a Loss: Citigroup Incurs $1.2 Billion Charge in Final Exit from Russian Retail Banking
NEW YORK — In a definitive closing of its Russian chapter, Citigroup Inc. has finalized the sale of its consumer banking unit, incurring a staggering $1.2 billion loss. The transaction, completed in the final days of 2025, marks the end of a grueling three-year effort to decouple the New York-based lender from the Russian market […]
Continue Reading