Citi's Services Segment Hits Decade-High as Bank Bets on Digital

Highlights Citi is restructuring by exiting 14 international markets, simplifying management and focusing on five core businesses.  Citigroup reported a 23% increase in trading profits and strong earnings in Services and Wealth segments, despite rising credit costs and macroeconomic challenges. While U.S. Personal Banking hit a revenue record and net income more than doubled, the “All Other” segment was a drag due to legacy market wind-downs.  Turmoil can be challenging for everyday consumers bu ...