Citigroup to come under ECB supervision after merger

Discussion in 'Market News' started by ForexLive, Dec 7, 2015.

  1. ForexLive

    ForexLive Forum Member

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    Bloomberg reporting that Citigroup will come under direct supervision when Citibank EU and Citibank International come together The merger is likely to see the new entity breach the €30bn asset threshold and thus put it under the watchful gaze of the ECB. It's likely to happen after the Jan 1st merger which will bring together assets of over €50bn

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