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Citi Agrees to Sell Onshore Consumer Wealth Portfolio in China to HSBC

Citi agreed to sell its onshore consumer wealth portfolio in China, including clients, assets under management and deposits, to HSBC Bank China. The transaction covers total deposits and investment assets under management of approximately $3.6 billion. read more

Citi Adjusts Organizational Structure to Simplify Operating Model

Citi unveiled changes to its organization model, introducing a new, flatter structure that elevates the leaders of five businesses and eliminates management layers with the goal of accelerating decision making, increasing accountability and strengthening client focus. read more

American Banker Announces The Most Powerful Women in Banking Honorees

American Banker released the names of the 2022 honorees of The Most Powerful Women in Banking. The program celebrates its 20th anniversary this year. read more

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