🏦 Citigroup's Division Split: Citigroup CEO Jane Fraser is considering a plan to disband the bank's largest division, the Institutional Clients Group (ICG). The proposal involves splitting ICG into its three primary business segments: investment and corporate banking, global markets, and transaction services. This move comes as Paco Ybarra, the CEO of the division, is set to leave in the first half of 2024.

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