IPO - CITIGROUP INC

Form Type: DEF 14A

Filing Date: 2025-03-18

Corporate Action: Ipo

Type: New

Accession Number: 000114544325000075

Filing Summary: Citi's 2025 Proxy Statement outlines significant developments reflecting its strategic goals. Key among them is the organizational simplification as Citi streamlined its management structure, eliminating regional operations and unnecessary levels, leading to improved transparency and accountability. The firm is exiting consumer banking businesses in 14 international markets, having completed the sale of nine and nearing the wind-down stages in others, including a notable separation of its Banamex operations from its institutional business as it prepares for an IPO. Besides, the statement highlights strong financial performance with a 40% increase in net income for 2024 and positive operating leverage across all business segments. Noteworthy collaborations, such as Citi's partnership extension with American Airlines and a $25 billion lending program with Apollo Global Management, signal future growth initiatives. The annual meeting scheduled for April 29, 2025, will involve votes on important issues, including the election of directors and executive compensation.

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