11:42 AM EDT, 10/31/2025 (MT Newswires) -- Citigroup ( C ) has held discussions with Banco Fomento de Angola, or BFA, about providing dollar and euro clearing services, Bloomberg reported Friday, citing people familiar with the matter.

BFA, Angola's second-largest lender, is considering opening correspondent accounts with Citigroup ( C ) as part of its efforts to restore ties with major international banks, the report said.

The Luanda-based bank reached a similar agreement with Deutsche Bank, Bloomberg said.

Citigroup ( C ) did not immediately respond to MT Newswires' request for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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