Twist and turns, highs and lows, boardrooms, and trading floors; such is the thrilling roller-coaster that is the world of finance. In our latest episode of 'Money Moves,' we witness a behemoth flexing its muscles and reshuffling its game – Citigroup.
In a plot twist reminiscent of George R.R. Martin, Citigroup has decided to pull the curtains down on its municipal underwriting and market-making unit. Out shuffling papers in one corner of the corporate labyrinth, a memo surfaces, scribing this seismic shift into the annals of the firm's history.
