Citigroup Shuts Down Consumer Units in Korea, Russia, and China

Tuesday, 19 March 2024, 21:42

Citigroup has made a strategic decision to substantially wind down its consumer businesses in Korea, Russia, and China as part of its ongoing divestiture strategy. This move is expected to have significant implications for the company's presence in key Asian markets and signals a shift in its global operations.

https://store.livarava.com/12aafd8e-e63a-11ee-9686-5254a2021b2b.jpe — Citigroup Shuts Down Consumer Units in Korea, Russia, and China

Citigroup's Divestiture Strategy

Citigroup has announced the winding down of its consumer businesses in Korea, Russia, and China as part of its strategic divestiture plan. This decision signifies a major shift in the company's focus and operations.

Key Markets Affected

Korea
Russia
China

The consumer units in these markets are expected to be substantially wound down, marking a significant change for Citigroup's presence in Asia.

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.