The Rise and Fall of Citigroup: Lessons from a Failed Merger

  • 📰 FT
  • ⏱ Reading Time:
  • 1 sec. here
  • 8 min. at publisher
  • 📊 Quality Score:
  • News: 25%
  • Publisher: 51%

Finance News

Citigroup,Merger,Financial Services

The 1998 mega-merger between Citicorp and Travelers Group created the world's biggest financial services company. However, Citi's share price dropped and the group faced numerous scandals. This article examines the reasons behind the failure and explores potential strategies for the bank's recovery.

The 1998 mega-merger between Citicorp and Travelers Group created the world's biggest financial services company. However, Citi's share price dropped and the group faced numerous scandals. This article examines the reasons behind the failure and explores potential strategies for the bank's recovery.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 113. in ZA

South Africa South Africa Latest News, South Africa South Africa Headlines