Citigroup to Close Turkish Brokerage After Strategic Review
- Client trades tied to the country will be handled from London
- Brokerage unit made a loss last year, 2020 accounts show
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Citigroup Inc. is closing its brokerage unit in Turkey and will handle client trades tied to the country from London.
The move, which will affect a small number of staff, doesn’t reflect a shift away from the region, the bank said.