Citi to cease operations in Haiti By Reuters


(Reuters) – Citigroup said on Monday it was ceasing its operations in Haiti due to diminished international activity and lower institutional client demand in the country.

© Reuters. FILE PHOTO: A worker exits the Citi Headquarters in New York, U.S., January 22, 2024.  REUTERS/Brendan McDermid/File Photo

The bank has maintained a presence in Haiti for more than five decades.

Citi will voluntarily surrender its banking license, it said, adding that the move will not have a material economic impact.





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