Citigroup Inc. (C) Completes the Sale of its Russian Operations

2 weeks ago 14

Talha Qureshi

Wed, February 25, 2026 astatine 10:09 AM CST 1 min read

Citigroup Inc. (NYSE:C) is 1 of the Best Stocks to Buy and Hold For the Next 3 Years. On February 18, Citigroup Inc. (NYSE:C) announced the completion and closing of the merchantability of its Russian operations. The institution sold its AO Citibank, which was its erstwhile Russian subsidiary, to Renaissance Capital.

Management noted that with the adjacent of this sale, each remaining businesses and astir 800 employees volition beryllium transferred to Renaissance Capital erstwhile the transaction goes done regulatory approvals. Citigroup Inc. (NYSE:C) had begun winding up its Russian operations successful 2021. The process progressive aggregate approvals, including those from Russian authorities.

Management highlighted that the merchantability volition adhd astir $4 cardinal successful Q1 2026 to its Common Equity Tier 1 capital, arsenic it removes risk-weighted assets from its equilibrium sheet, cuts disallowed deferred taxation assets, and besides releases $1.6 cardinal arsenic a currency translation adjustment.

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Citigroup Inc. (NYSE:C) is simply a planetary fiscal services elephantine offering a wide scope of products done segments similar Services, Markets, Banking, Wealth, and U.S. Personal Banking.

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