0of 5,000

Help us find 5,000 new members. Bring one friend.

Share your personal link and make us stronger in 2027.

0 found so far

Goal 5,000

News Feed

Citigroup exits Russian market, affecting 2,300 employees

• 0 min read

Citigroup had plans to leave Russia in April 2021 due to a general exit from some overseas markets but took extra measures in March 2022. Actions to facilitate the wind-down of consumer and local commercial banking will start this quarter. "In connection with the wind-down plan announced today, Citi expects to incur approximately $170 million in costs, primarily over the next 18 months, largely driven by restructuring, vendor termination fees and other related charges," the company said in a statement.

Avatar
The Kyiv Independent news desk

We are the news team of the Kyiv Independent. We are here to make sure our readers get quick, essential updates about the events in Ukraine. Feel free to contact us via email with feedback and news alerts.

Read more
News Feed
 (Updated:  )

The grounding was the first nationwide flight stoppage since January 2023, when an FAA computer system malfunctioned. Before that, the last nationwide grounding followed the terrorist attacks of Sept. 11, 2001.

 (Updated:  )

Local authorities later on Nov. 13 reported that a rescue worker from the Cobra emergency service was killed when a concrete slab fell on him while he was clearing debris from a building damaged in the Russian attack.

Show More