Citigroup

Citigroup Inc Continues To Lighten Assets With Sale of Akbank Stake

Citigroup has been busy over the past several months, as CEO Michael Corbat continues to lighten minority stakes.  Just days ago, Citigroup officially confirmed the deal to send OneMain Financial to Springleaf for $4.25 billion, help cutting Citigroup’s exposure to the subprime consumer lending business.  Today, Citigroup announced that it would be ending its investment in Turkish bank, Akbank TAS.  Akbank is the second largest bank in Turkey, and makes up a significant part of Turkish stock index, giving investors anxiety over continued downward pressure on Turkish stocks . . .

SORRY!

This content is exclusively for paying members. Access all of our content on including years of timeless investment news and in depth analysis for only a few dollars a month by signing up here while also supporting quality content and journalism, or learn more about our premium content here

If you are subscribed and having an account error please clear cache and then cookies if that does not work email support@valuewalk.com and we will get back to you as quick as humanly possible


Saved Articles
X
TextTExtLInkTextTExtLInk

Are you a smart investor? Join tens of thousands of sophisticated investor reading our authoritative free newsletter

* indicates required


Congrats! Are you a smart person?

We have an exclusive targeted for being a sophisticated and loyal reader.

Sign up today and get three months free

Use coupon code vip19 or click on the button below

Limited time offer only ENDS 10/31/2019 or after next 25 20 subscribers take advantage whichever comes first – please do not share this discount with others

 

0