April 22, 2021 | In this issue of premium service of The Institutional Risk Analyst, we take a look at Citigroup (NYSE) in the wake of Q1 2021 earnings and the most recent announcement by new CEO Jane Fraser. In short, Citi announced exits from consumer franchises in 13 Asia and EMEA markets. Citi plans to focus on building wealth management in four centers in Asia, a less than credible strategy in 2021.
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