Futures
Access hundreds of perpetual contracts
TradFi
Gold
One platform for global traditional assets
Options
Hot
Trade European-style vanilla options
Unified Account
Maximize your capital efficiency
Demo Trading
Introduction to Futures Trading
Learn the basics of futures trading
Futures Events
Join events to earn rewards
Demo Trading
Use virtual funds to practice risk-free trading
Launch
CandyDrop
Collect candies to earn airdrops
Launchpool
Quick staking, earn potential new tokens
HODLer Airdrop
Hold GT and get massive airdrops for free
Launchpad
Be early to the next big token project
Alpha Points
Trade on-chain assets and earn airdrops
Futures Points
Earn futures points and claim airdrop rewards
More
Citigroup Inc. (C) Completes the Sale of its Russian Operations
Citigroup Inc. © Completes the Sale of its Russian Operations
Talha Qureshi
Thu, February 26, 2026 at 1:09 AM GMT+9 1 min read
In this article:
C
+3.10%
C-PR
+0.12%
Citigroup Inc. (NYSE:C) is one of the Best Stocks to Buy and Hold For the Next 3 Years. On February 18, Citigroup Inc. (NYSE:C) announced the completion and closing of the sale of its Russian operations. The company sold its AO Citibank, which was its former Russian subsidiary, to Renaissance Capital.
Management noted that with the close of this sale, all remaining businesses and around 800 employees will be transferred to Renaissance Capital once the transaction goes through regulatory approvals. Citigroup Inc. (NYSE:C) had begun winding up its Russian operations in 2021. The process involved multiple approvals, including those from Russian authorities.
Management highlighted that the sale will add around $4 billion in Q1 2026 to its Common Equity Tier 1 capital, as it removes risk-weighted assets from its balance sheet, cuts disallowed deferred tax assets, and also releases $1.6 billion as a currency translation adjustment.
Kiev.Victor / Shutterstock.com
Citigroup Inc. (NYSE:C) is a global financial services giant offering a wide range of products through segments like Services, Markets, Banking, Wealth, and U.S. Personal Banking.
While we acknowledge the potential of C as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.
Disclosure: None. Follow Insider Monkey on Google News**.**
條款 及 私隱政策
Privacy Dashboard
More Info