Citi refutes rumors of a possible acquisition of a US regional bank

Glonghui, March 30th｜Citigroup recently refuted reports that its executives are considering acquiring a US regional bank, calling the reports "baseless speculation." Bloomberg previously cited sources saying that Citigroup’s top management had held preliminary discussions about a potential deal in recent months to boost deposits, and had even raised the idea with US regulators. A Citigroup spokesperson said in a statement that suggestions about Citi planning to acquire a regional bank, wealth brokerage firm, or any other financial services company are unfounded speculation; the company is currently focused on achieving organic growth through executing its strategy and completing its transformation.