Citigroup Disbands Global FX Strategy Team, Signals Major Structural Changes
Portfolio Pulse from Vandana Singh
Citigroup has disbanded its CitiFX global FX strategy team, which provided commentary and analysis on foreign exchange markets. The bank has also disbanded its Latin America corporate bond trading team. Last month, Citigroup announced plans for an IPO of its consumer, small business, and middle-market banking operations in Mexico.
June 08, 2023 | 5:41 pm
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Citigroup disbands its CitiFX global FX strategy team and Latin America corporate bond trading team, signaling major structural changes.
The disbanding of the CitiFX global FX strategy team and Latin America corporate bond trading team indicates significant structural changes within Citigroup. However, the short-term impact on the stock price is uncertain, as the market may view these changes as either positive or negative. The announcement of the IPO for Mexican banking operations adds to the uncertainty.
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