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Investment advisers, the exit of a bank and a union dispute about to break out

Investment advisers, the exit of a bank and a union dispute about to break out

Investment advisers, the exit of a bank and a union dispute about to break out

Investment advisers, the exit of a bank and a union dispute about to break out

Economy and Business > Finance

Banco Citi sold its offshore wealth management business and joins other institutions that have left the country; the case unleashes labor claims from AEBU

Days ago AEBU complained in Buenos Aires about layoffs at Citi and added support from its peer La Bancaria de Argentina.

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July 02, 2022 at 05:03

The news would have gone almost unnoticed outside the world of finance, were it not for the stir it generated at the union level. At the end of last year the American bank Citi agreed to sell its offshore wealth management business in the country —operates for foreign clients— to Miami-based wealth management firm Insigneo.

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