The Traderszone Network

Published in TZ Latest News 14 October, 2014 by The TZ Newswire Staff

Citi’s consumer banking head plans to leave: WSJ

Details of Medina-Mora’s departure were not finalized and could change, but he is expected to leave or announce his departure by early next year, the Journal reported. Citigroup said on Tuesday it is pulling out of consumer banking in 11 markets, including Japan and Egypt, as the U.S. Several board members this year had pushed Medina-Mora to leave, but Chief Executive Michael Corbat and Chairman Michael O’Neill have been supportive of him, the report said, citing sources.