BRIEF-Citi CFO Says IPO Of Mexico Business Is Still On Track For 2025

BRIEF-Citi CFO Says IPO Of Mexico Business Is Still On Track For 2025 - Media Call

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BRIEF-Citi CFO Says IPO Of Mexico Business Is Still On Track For 2025 - Media Call

Apr 12, 2024 6:56 AM

April 12 (Reuters) - Citigroup Inc ( C/PN ):

* CITI CFO SAYS 7,000 EMPLOYEE JOB CUTS WILL APPEAR IN DATA

OVER

SUBSEQUENT QUARTERS - MEDIA CALL

* CITI CFO SAYS IPO OF MEXICO BUSINESS IS STILL ON TRACK FOR

2025

* CITI CFO EXPECTS TO SEE GROWING RESULTS IN WEALTH

MANAGEMENT

THROUGH THE END OF THE YEAR

* CITI CFO SAYS THERE'S UNCERTAINTY OVER M&A OVER NEXT 6-9

MONTHS

GIVEN REGULATORY ENVIRONMENT, U.S. ELECTION

* CITI CFO SAYS M&A DIALOG IS POSITIVE

* CITI CFO SAYS MEXICAN BUSINESS MAY BE LISTED IN TRANCHES,

FIRST

ONE BETWEEN 20% AND 30%

* CITI CFO SAYS BANK LOOKING AT LISTING VENUES FOR MEXICAN

BUSINESS

* CITI CFO SAYS POSSIBLE LISTING VENUES FOR MEXICAN BUSINESS

INCLUDES THE U.S.

* CITI CFO SAYS BANK AIMS TO GROW INVESTMENT BANKING FEES

SHARE IN

HEALTHCARE, TECHNOLOGY, FINANCIAL SPONSORS

* CITI CFO SAYS WALLET IN INVESTMENT BANKING IS BELOW

HISTORICAL

LEVELS, EXPECT RECOVERY TO CONTINUE THIS YEAR

* CITI CFO SAYS NOTICE PERIOD FOR EMPLOYEE LAYOFFS AVERAGES

ABOUT

90 DAYS

Further company coverage:

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