Bloomberg posted a story that citi execs are contemplating ways to grow deposits domestically through regional bank acquisitions. USB and TFc in play.
And yes. Aware that C “dismissed the baseless speculation “
How many operating council members and other “paper tiger” execs survive? Shouldn’t take long to figure out the incompetence.
She is CEO of Citi Corp and rumor is that she would like to buy PNC or Truist for the deposits and wealth.
Saw a similar blurb but referencing PNC instead of USB. Either way, I think C is the only big four that has deposit share availability. If memory serves, no bank can hold more than 10% of all US deposits…. C currently holds less than 6%. Interesting.