Latest news with #Velobank
Yahoo
27-05-2025
- Business
- Yahoo
Citi's Polish unit to sell consumer banking business to Velobank
(Reuters) -Citigroup said on Tuesday its Polish unit has agreed to sell its consumer banking business in the country to Velobank, as the Wall Street giant nears the end of a years-long effort to exit non-core retail banking markets. The third-largest U.S. lender added that while the transaction is financially immaterial to the company, it is expected to result in a modest regulatory capital benefit at closing. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Reuters
27-05-2025
- Business
- Reuters
Citi's Polish unit to sell consumer banking business to Velobank
May 27 (Reuters) - Citigroup (C.N), opens new tab said on Tuesday its Polish unit has agreed to sell its consumer banking business in the country to Velobank, as the Wall Street giant nears the end of a years-long effort to exit non-core retail banking markets. The third-largest U.S. lender added that while the transaction is financially immaterial to the company, it is expected to result in a modest regulatory capital benefit at closing.
Yahoo
27-05-2025
- Business
- Yahoo
Citi's Polish unit to sell consumer banking business to Velobank
(Reuters) -Citigroup said on Tuesday its Polish unit has agreed to sell its consumer banking business in the country to Velobank, as the Wall Street giant nears the end of a years-long effort to exit non-core retail banking markets. The third-largest U.S. lender added that while the transaction is financially immaterial to the company, it is expected to result in a modest regulatory capital benefit at closing.
