Citigroup appears to be making a new attempt to rid itself of dozens of branches in California, an effort that epitomizes the third-largest U.S. bank's balky restructuring process.
Citi plans to shed 60 branches from its U.S. operation sometime early this year, Chief Financial Officer John Gerspach told analysts during the bank's fourth-quarter earnings call on Thursday. He did not provide further details.
Register or login for access to this item and much more
All Financial Planning content is archived after seven days.
Community members receive:
- All recent and archived articles
- Conference offers and updates
- A full menu of enewsletter options
- Web seminars, white papers, ebooks
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access