Citi to Sell Trust Unit to JTC
Citi to Sell Trust Unit to JTC as Bank Aims to Simplify, Cut Costs
The deal will allow the financial instituion to “to focus…resources on areas that will create impact for our global clients and drive growth.”
JTC to absorb Citi Trust
Global professional services provider JTC has announced its intended acquisition of Citi Trust, the global fiduciary and trust administration services business. The deal for Citi Trust will bolster JTC's existing footprint and boost its position as an independent provider of global trust services.
Citigroup sells trust services unit to JTC for $80 million
Professional services provider JTC said on Monday it has agreed to buy Citigroup's global fiduciary and trust administration services business for $80 million. The unit 'Citi Trust' serves over 2,000 ultra-high net worth clients across seven jurisdictions,
Citi: ‘No intent’ for job loss in JTC trust sale
# Citigroup yesterday said it does “not intend” for there to be any job losses at its Bahamian Citi Trust subsidiary from selling that unit’s worldwide operations to rival financial services provider, JTC.
Citigroup to Divest Trust Service Unit, In Line With Overhaul Goals (Revised)
This strategic focus will likely lead to enhanced profitability in the future, as Citigroup focuses its resources on high-growth areas. However, the current volatile macroeconomic background could present challenges,
Citigroup sells trust services unit to JTC for $80 million
Sept 16 (Reuters) - Professional services provider JTC (JTC.L), opens new tab said on Monday it has agreed to buy Citigroup's (C.N), opens new tab global fiduciary and trust administration ...
M&A News: Citigroup (NYSE:C) Sells Trust Business to JTC for $80M
Professional services provider JTC announced on Monday that it will acquire Citigroup’s ($C) global fiduciary and trust administration services
RBC Capital lifts price target on JTC after Citi Trust deal
RBC Capital Markets lifted its price target on JTC on Thursday as it updated its forecasts for the first-half results, forex and the Citi Trust acquisition, assuming it completes at the end of H125.
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Zedra Names Former JTC Executive as Deputy CEO
ZEDRA appointed industry veteran Dean Blackburn to drive innovation and shape the company's strategic direction.
JTC Plc H1 Profit Climbs; Sees FY24 Results In Line With Current Market Expectations
JTC Plc (JTCPF), a provider of fund, corporate and private client services, reported Tuesday that its first-half profit before tax ...
JTC shares slide despite solid first-half results
JTC, a global provider of fund, corporate, and private client services, saw its shares slide on Tuesday morning, even after ...
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OCBC invests $500m in new Punggol Digital District hub housing up to 4,000 staff
OCBC will invest $500 million in the Punggol Digital District with the set-up of its new innovation hub and a strategic ...
JTC Announces Proposed Acquisition Of Citi Trust From Citigroup - Quick Facts
JTC announced the proposed acquisition of the global fiduciary and trust administration services business, or Citi Trust, from ...
JTC: Profit soars after spate of acquisitions
Financial services provider JTC has hailed a good start to the year after beating its upgraded guidance after a flurry of ...