Citi to cease operations in Haiti after 50 years
(Reuters) -Citigroup will wind up its operations in Haiti due to weak demand from institutional clients and lower international banking activity, ending its presence of more than five decades in the country. The exit is part of a strategic review and will not have a significant economic impact on Citi, the bank said on Monday. Citi, one of the largest banks in the United States, has exited non-core markets since CEO Jane Fraser took the … Read more…