According to a report published by Reuters, Citigroup (C) is planning to split the operations and technology functions of Institutional Clients Group (ICG), a unit that contributed around 63% of the total revenue in the third quarter of 2021.  The reorganization plan of the bank has been confirmed by a Citigroup spokesperson. Services offered by ICG include banking, markets, securities services, among others. (See Citigroup stock charts on TipRanks)  Official Comments  The Chief Executive of ICG, Paco Ybarra, said that the operations and technology teams "will continue to work closely with our businesses to develop innovative solutions that make it simpler for our clients to work with us.
https://www.tipranks.com/news/citigroup-mulls-splitting-operations-tech-functions-of-icg-unit-report?utm_source=advfn.com&utm_medium=referral
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