01:40 PM EDT, 07/08/2024 (MT Newswires) -- Citigroup ( C ) is winding operations in Haiti and will surrender its banking license after a strategic review identified reducing international activity and lower institutional client demand.

The bank said Monday it will continue international banking and correspondent banking services for existing clients.

Citi shares were up nearly 1% in recent trading.

Price: 64.50, Change: +0.47, Percent Change: +0.74