Citigroup Board Approves Sale of Russia Unit, Flags $1.2 Billion Loss

Dec 29 (Reuters) - Citigroup said ‌on ​Monday its ‌board has approved a plan to ​sell AO Citibank, its remaining business ‍in ...
Retail Banker International on MSN

Citi secures internal approval for sale of Russian business to RenCap

Citi expects a fourth quarter 2025 pre-tax sale-loss of nearly $1.2bn, mainly from currency translation adjustment losses.

Citigroup to Sell Remaining Business Operating in Russia

Citigroup is expecting to take a pretax loss on the sale of about $1.2 billion in the fourth quarter of this year.
Crowdfund Insider

Citigroup Finalizes Exit from Russia with Costly Sale of Remaining Unit

Citigroup received board approval to divest its last operational entity there, AO Citibank, to Moscow-based investment bank ...

Citi To Sell AO Citibank, Take $1.2 Billion Loss In Russia Exit

Citigroup Inc. (NYSE: C) approved a plan to sell AO Citibank, completing its exit from Russia. Expected Q4 loss of $1.2B.
Forbes

Citibank Checking Account Bonus Promotions Of 2026: Earn Up To $2,000

With more than 15 years of experience crafting content about all aspects of personal finance, Michael Benninger knows how to identify smart moves for your money. His work has been published by Intuit, ...
Forbes

Citibank’s Billion-Dollar Mistake And How It Turned Out Two Years Later

Forbes contributors publish independent expert analyses and insights. I write about commercial real estate negotiations, deals and legal issues. Sep 12, 2022, 10:15am EDT This article is more than 3 ...
ABC7 San Francisco

7 Bay Area Citibank customers say $600K combined drained from accounts by online scammers

SAN JOSE, Calif. (KGO) -- Seven Citibank customers say a combined $600,000 disappeared from their bank accounts. For some, that money represents most of their life savings. 7 On Your Side looked into ...

QIIB Receives Citibank Excellence Award for Outstanding STP Payments

In a significant achievement for the Qatar International Islamic Bank (QIIB), the bank has been awarded the prestigious Excellence Award for Straight Through Processing (STP) in international payments ...
Los Angeles Times

Citibank employees called them ‘Armenian bad guys’ and canceled their accounts. Now they’re suing

When Mary Smbatian started hearing rumors a few years ago that Citibank was closing the accounts of Armenian Americans in the San Fernando Valley, she thought it impossible the giant Wall Street bank ...
CNN

Citibank can’t get back $500 million it wired by mistake, judge rules

After committing one of the “biggest blunders in banking history,” Citibank won’t be allowed to recover the almost half a billion dollars it accidentally wired to Revlon’s lenders, a US District Court ...
CNN

Citibank sent a hedge fund $175 million by mistake. Now it’s struggling to get the money back

Citibank has a big problem: It mistakenly wired roughly $175 million to Brigade Capital Management, and the hedge fund hasn’t returned the money. The US banking giant filed a lawsuit Monday in the ...