citigroup inc reports strong financial position and global banking services

Citigroup Inc. is a prominent global banking group that operates in three main sectors: corporate and investment banking, commercial banking, and other financial services.

The corporate and investment banking division focuses on financial intermediation, interest rate market activities, and investment capital.

The commercial banking sector offers a wide range of traditional and specialized banking products, including consumer and leasing loans.

As of the end of 2023, Citigroup reported managing a total of USD 1,308.7 billion in current deposits and USD 689.4 billion in current loans.

The bank has a global network of 2,092 branches, which helps in the distribution of its diverse products and services.

UBS has a neutral stance on Citigroup, acknowledging its significant position in the financial landscape.

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