Citigroup said to weigh buying US regional bank, Bloomberg News reports

Core Viewpoint - Citigroup is considering the acquisition of a U.S. regional bank to enhance its deposit base and streamline operations, as reported by Bloomberg News [1][2]. Group 1: Acquisition Intent - Senior leaders at Citigroup have engaged in preliminary discussions regarding the potential acquisition of a major U.S. regional lender [2]. - The aim of the acquisition is to significantly increase the bank's deposits [2]. - Some executives have mentioned the possibility of a takeover during meetings with U.S. regulators this year [2]. Group 2: Market Reaction - Following the news, shares of Citigroup experienced a decline of 4.5% in afternoon trading [2].