Citi Australian business records losses as ‘Project Bora Bora’ takes shape

  • 📰 FinancialReview
  • ⏱ Reading Time:
  • 27 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 90%

Switzerland Nachrichten Nachrichten

Switzerland Neuesten Nachrichten,Switzerland Schlagzeilen

Citi, Morgan Stanley, Goldman Sachs and Jefferies’ Australian operations experienced heavy dips in profits last year.

Already a subscriber?Citigroup’s Australian business has banked a heavy loss for 2023 as its US headquarters works through a comprehensive restructuring that will slash thousands of jobs around the world.

Citi’s CPL division logged a $94.7 million loss, more than double the $45.8 million loss in 2022, financial statements filed with the Australian Securities and Investments Commission showed. “ operates its activities in Australia through several reporting entities. Due to regulatory requirements, Citi does not consolidate its Australian operational activities into one set of financial statements,” a spokesman for the bank told“Citi Australia performed well in 2023, with several businesses having record years.”

Wir haben diese Nachrichten zusammengefasst, damit Sie sie schnell lesen können. Wenn Sie sich für die Nachrichten interessieren, können Sie den vollständigen Text hier lesen. Weiterlesen:

 /  🏆 2. in CH
 

Vielen Dank für Ihren Kommentar.Ihr Kommentar wird nach Prüfung veröffentlicht.

Switzerland Neuesten Nachrichten, Switzerland Schlagzeilen