Citigroup to Wind Down Consumer, Local Commercial Banking in Russia

• (PLX AI) - Citigroup to Wind Down Consumer and Local Commercial Banking Businesses in Russia.
• • Citigroup also continues to actively pursue sales of certain Russian consumer banking portfolios
• • Citigroup says Russia wind-down is expected to affect approximately 2,300 employees and 15 branches
• • Citigroup: end of the second quarter Citi's remaining exposure to Russia stood at $8.4 billion
• • Citigroup expects to incur approximately $170 million in costs, primarily over the next 18 months In connection with the wind-down