Citigroup’s Wealth Unit to Sell Trust Services

Citigroup's Streamlining Strategy
Citigroup, a major player in the global banking sector, has announced plans to sell its trust administration and fiduciary services business. This move is part of a broader strategy to focus on providing wealth structuring advice that aligns with the needs of their global clientele. Such strategic decisions are crucial for financial institutions aiming to optimize their service offerings and operational efficiency.