Citi to Sell Trust Unit to JTC
Citi to Sell Trust Unit to JTC as Bank Aims to Simplify, Cut Costs
The deal will allow the financial instituion to “to focus…resources on areas that will create impact for our global clients and drive growth.”
Citigroup Sells Trust Services Unit to JTC for $80 Million
(Reuters) - Professional services provider JTC said on Monday it has agreed to buy Citigroup's global fiduciary and trust administration services business for $80 million.
JTC to absorb Citi Trust
Global professional services provider JTC has announced its intended acquisition of Citi Trust, the global fiduciary and trust administration services business. The deal for Citi Trust will bolster JTC's existing footprint and boost its position as an independent provider of global trust services.
Citigroup to Divest Trust Service Unit, In Line With Overhaul Goals (Revised)
This strategic focus will likely lead to enhanced profitability in the future, as Citigroup focuses its resources on high-growth areas. However, the current volatile macroeconomic background could present challenges,
Citigroup sells $70bn AUA global trust business to JTC
Global professional services provider, JTC, is to acquire Citi Trust, the global fiduciary and trust administration services business, from Citigroup.
JTC buys Citi Trust for $80m
Professional services provider JTC said on Monday that it has bought Citi Trust - the global fiduciary and trust administration services business - from Citigroup for $80m.
M&A News: Citigroup (NYSE:C) Sells Trust Business to JTC for $80M
Professional services provider JTC announced on Monday that it will acquire Citigroup’s ($C) global fiduciary and trust administration services
JTC: Profit soars after spate of acquisitions
Financial services provider JTC has hailed a good start to the year after beating its upgraded guidance after a flurry of ...
JTC shares slide despite solid first-half results
JTC, a global provider of fund, corporate, and private client services, saw its shares slide on Tuesday morning, even after ...
JTC PLC (JTCPF) Q2 2024 Earnings Call Transcript Highlights: Strong Revenue Growth and ...
JTC PLC (JTCPF) reports a 21.1% increase in group revenue and significant M&A activity, including the acquisition of Citi Trust.
JTC Plc H1 Profit Climbs; Sees FY24 Results In Line With Current Market Expectations
JTC Plc (JTCPF), a provider of fund, corporate and private client services, reported Tuesday that its first-half profit before tax ...
The Independent Singapore3d
Food delivery robots may soon make their presence felt in Singapore; JTC successfully tested delivery bots in trial run
SINGAPORE: JTC Corporation has introduced a food delivery robot at its Woodlands Northshore Industrial Estate as part of a ...
JTC snaps up Citi Trust as it continues transatlantic takeover spree
FTSE 250 corporate solutions firm JTC has struck an $80m (£60.7m) deal to expand its financial services division with a new ...
JTC Announces Proposed Acquisition Of Citi Trust From Citigroup - Quick Facts
JTC announced the proposed acquisition of the global fiduciary and trust administration services business, or Citi Trust, from ...
Berenberg lifts JTC price target after Citi Trust deal
Berenberg lifted its price target on JTC on Monday to 1,400p from 1,300p on the back of news it has acquired Citi Trust - the ...