Citigroup ceases operations in Haiti after 50 years due to weak demand and reduced international banking activity.
Citigroup plans to cease its operations in Haiti, ending its presence in the country after 50 years, due to weak demand from institutional clients and reduced international banking activity. The exit is part of a strategic review and will not have a significant economic impact on Citi, it stated. The bank aims to overhaul its operations, focusing on businesses that offer the best returns.
July 08, 2024
4 Articles