Industry News, Trustworthy Insights

Popular Companies:

Citigroup Exclusive: Distressed-Debt Unit Closure Explained

Citigroup is closing its distressed-debt trading business as part of CEO Jane Fraser’s effort to reshape the firm for higher returns.

Citigroup CEO, Jane Fraser's restructuring strategy continues as the banking giant closes its distressed-debt trading unit, amid plans to streamline operations for higher returns. PHOTO: ALP/GETTY IMAGES
Citigroup CEO, Jane Fraser’s restructuring strategy continues as the banking giant closes its distressed-debt trading unit, amid plans to streamline operations for higher returns. PHOTO: ALP/GETTY IMAGES

The move is one of many in Fraser’s overhaul aimed at simplifying the bank’s structure and boosting investor confidence.

Trading distressed debt can be volatile, with varying performance each year. Citigroup’s

More from Krugman Insights

Industry news used by professionals

Try £4.99 per month

Already a member?
Weekly Digest

All the week’s industry events straight to your inbox.

Before your sign up, please read terms of use and privacy policy.

Trending

FREE Weekly Newsletter

Trusted industry insights used by Professionals

By signing up you agree to our terms of use and privacy policy.

Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors

Password Reset

You will soon receive a Reset Password link

FREE Weekly Newsletter

Trusted industry insights used by Professionals

By signing up you agree to terms of use and privacy policy.

Send us your article

[formidable id=3]