Citigroup to shutter municipal business as CEO Fraser’s overhaul continues Citigroup’s closure will affect around 100 jobs across the business Friday, 15 December 2023 at 07:01 Citigroup is shutting down its municipal business, a move that will affect around 100 employees, as the bank continues to overhaul its business under an reorg by chief executive, Jane Fraser. The bank has decided that the unit is “no longer viable given our commitment to increase the firm’s overall returns”, according to a memo send to staff reported by Bloomberg. The unit, which underwrites, sells and trades US local debt, was once a market leading business for Citigroup. The post Citigroup to shutter
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