Citigroup Launches Citi Commercial Bank In Canada

Citigroup Inc. (C) said on Wednesday that it has launched Citi Commercial Bank or CCB in Canada as part of its international expansion strategy.

CCB provides Citi's institutional solutions to rapidly expanding mid-size corporate companies around the globe.

Raymond Gatcliffe, Head of CCB North America, said: "Around the world, medium-sized companies are quickly outgrowing the capabilities of local and regional banks. We are pleased to be able to offer these clients the same capabilities that we offer the world's largest companies, customized to their specific needs."

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
The U.S. Consumer Product Safety Commission or CPSC announced recall of thousands of children's Robes made in China and sold exclusively on Amazon.com by various companies. The recalled robes fail to meet the federal flammability standards for children's sleepwear, posing a risk of burn injuries to children. Further, citing the same concerns, Paper Cape children's pajamas manufactured in Peru ... Health services company Cigna Corp. reported Friday higher profit in its fourth quarter reflecting growth in both Evernorth and Cigna Healthcare segments. Adjusted earnings and topline beat market estimates. Looking ahead for fiscal 2023, the company projects adjusted earnings and adjusted revenues to be higher than last year, but below market view. French drug major Sanofi SA reported Friday higher profit in its fourth quarter with strong revenue growth mainly with strong sales of Dupixent. Looking ahead for fiscal 2023, the company projects higher business earnings, but the expected growth is slower than recorded in fiscal 2022. Sanofi shares were losing around 4 percent in the morning trading in Paris as well as in pre-market activity...
Follow RTT