National Australia Bank Limited (NAB) has agreed to acquire the Australian consumer business of Citigroup for AUD 1.2 billion ($880 million). Citi’s Australian consumer bank business includes residential mortgages of AUD 7.9 billion, deposits of AUD 9 billion, and unsecured lending of AUD 4.3 billion, which will be transferred to National Australia Bank along with […]
Citi, a US-based financial services company, has merged the wealth management teams of its global consumer banking (GCB) and the institutional clients group (ICG) divisions to form a single, integrated platform called Citi Global Wealth. Citi Global Wealth is a wealth management organization that will serve clients across the wealth continuum, ranging from the affluent […]