YOUR BUSINESS AUTHORITY

Springfield, MO

Log in Subscribe

Report: Citigroup closing global distressed-debt business

Posted online

Citigroup is closing its global distressed-debt business, people familiar with the matter told CNBC.

The business trades bonds and other securities of companies in or approaching bankruptcy.

The closure is part of a larger overhaul of the bank by CEO Jane Fraser, according to the report.

Read more from CNBC.

Comments

No comments on this story |
Please log in to add your comment
Editors' Pick
Fall 2026 Architects & Engineers Project Report

This installment of Springfield Business Journal’s Architects & Engineers Project Report showcases 26 endeavors by area design and engineering professionals.

Most Read
Update cookies preferences