NYSE:CBanks
Citigroup Weighs Regional Bank Deal And Gold Clearing Role Undervaluation
Citigroup (NYSE:C) is reported to be exploring the acquisition of a major US regional bank to expand its deposit base and support trading and lending.
The bank has publicly stated that no acquisition is planned, while reports indicate early-stage discussions have taken place.
Separately, Citigroup is moving toward becoming a clearing member in the core London gold market, using a vault partnership to support precious metals settlement.
For investors watching NYSE:C, these parallel moves...