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
(Reuters) - Professional services provider JTC said on Monday it has agreed to buy Citigroup's global fiduciary and trust administration services business for $80 million.
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)
Citigroup Inc. C has agreed to divest its global fiduciary and trust administration services business, Citi Trust, to JTC, one of the global professional services providers, for $80 million. This strategic move aligns with the bank’s focus on concentrating resources in areas that drive growth in its wealth business.
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
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 ...
JTC PLC (JTCPF) Q2 2024 Earnings Call Transcript Highlights: Strong Revenue Growth and ...
JTC PLC (JTCPF) reports a 21.1% increase in group revenue and significant M&A activity, including the acquisition of Citi Trust.
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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.
Broker tips: Ashtead, JTC
Analysts at Berenberg initiated coverage on industrial and speciality equipment rental group Ashtead with a 'buy' rating and ...
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 ...
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Food delivery robots may soon make their presence felt in Singapore; JTC successfully tested delivery bots in trial run
SINGAPORE: JTC Corporation has introduced a food delivery robot at its Woodlands Northshore Industrial Estate as part of a ...
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 ...
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 snaps up Citi Trust as it continues transatlantic takeover spree
FTSE 250 corporate solutions firm JTC has struck an $80m (£60.7m) deal to expand its financial services division with a new ...