JOURNAL ARTICLE

Citi Eyes Regional Bank Deal as Fraser Turns to Next Chapter.

  • Published In: Bloomberg.com, 2026. P. N.PAG 1 of 3

  • Database: Business Source Ultimate 2 of 3

  • Authored By: Gillespie, Todd; Monks, Matthew; Beyoud, Lydia; Nair, Dinesh 3 of 3

Abstract

The article focuses on Citigroup Inc.'s consideration of acquiring a major U.S. regional bank or a wealth brokerage firm to increase deposits and expand its retail footprint. This potential strategic shift comes as Citigroup nears the completion of regulatory-mandated improvements following past criticisms and consent orders related to risk management and internal controls. Such an acquisition would mark a significant change under CEO Jane Fraser, who has previously emphasized simplification and organic growth. The discussions remain preliminary, with no formal proposals made, and regulatory approval would be required due to existing consent orders. The move aims to better position Citigroup against larger competitors like JPMorgan Chase and Bank of America, which have extensive branch networks and deposit bases. [Extracted from the article]

Additional Information

  • Source:Bloomberg.com. 2026/03, pN.PAG
  • Document Type:Article
  • Subject Area:Business and Management
  • Publication Date:2026
  • Accession Number:192604513
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