Citi weighs shutting municipal-bond trading business

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SaltWire's Atlantic regional weather forecast for November 3, 2023 | SaltWire - Citigroup Chief Executive Officer Jane Fraser is weighing whether to shutter the bank's municipal-bond trading and origination business, Bloomberg News reported on Friday.

Citi's senior executives in favor of closing it down have presented the proposal to Fraser in response to her push to bring the firm's profitability in line with its competitors, the report said, citing people familiar with the matter.

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