Pause operations: company temporarily curtailing operations while keeping return options open

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Citigroup is a US-American multinational investment bank and financial services corporation headquartered in New York City.

Pause operations: company temporarily curtailing operations while keeping return options open

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Global 500, is an annual ranking of the top 500 corporations worldwide

Global 500
Staff
3000
Investments, mln.USD
9800
Assets, mln.USD
9800
Glob.Revenue, mln.USD
74990

Today AO Citibank is one of the largest in terms of assets and the number of deposits. The bank serves more than 1 million private clients in more than 50 branches and more than 450 ATMs in 11 Russian cities.

The Company Statement
October 14, 2022

The company decided to stop soliciting any new business or clients. The company continue to reduce the remaining operations in Russia and expand the scope of the exit process but cautiously returned to the market for Russian government and corporate bonds and buy Russian debt. Citigroup on Friday, October 14 announced plans to shut down its institutional banking operations in Russia as Vladimir Putin’s assault on Ukraine stretches into its seventh month.

Company: Citibank
July 25, 2022Citi to Wind Down Consumer and Local Commercial Banking Businesses in Russia
June 07, 2022About Fitch Ratings' actions
July 15, 2022Wall Street revives Russian bond trading after U.S. go-ahead
August 15, 2022JPMorgan, BofA Are Among Banks Moving Back Into Russian Bond Trading
August 01, 2022Citi in talks with Russia's Expobank over sale of local operations
August 14, 2022Citi expands its exit from Russia
May 31, 2022Citi may retain Russian banking licence despite trying to sell commercial arm
April 14, 2022Update Regarding Citi's Operations in Russia
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