8-KItem 8.01 · Other EventsItem 9.01 · Financial Statements
Dec 29, 2025: Citigroup Board approved sale of AO Citibank (Citi’s remaining Russia ops).
Filed with the SEC on · Summarized by InvestorsBot
Dec 29, 2025: Citigroup Board approved sale of AO Citibank (Citi’s remaining Russia ops). Citi will classify the business as "held for sale" in Q4 2025; sale expected to sign & close in H1 2026. $C 🇷🇺 #Citi #Russia #Banking
Held-for-sale accounting will record a Q4 2025 pre-tax loss on sale of ≈$1.2B (≈$1.1B after-tax). Breakdown: ≈$1.6B CTA (stays in AOCI until close) offset by ≈$0.2B derecog benefit and ≈$0.2B expected proceeds. CET1 capital neutral. $C 📉 #Citi #Capital #Risk
Amounts are as of Sept 30, 2025; loss on sale is subject to change (FX movements, buyer negotiations, required regulatory approvals). See Citi 10‑Q (Q3 2025) for details on Russia exposures. $C ⚠️ #Citi #Risk #Finance