Citigroup Inc.’s top executives are weighing buying another bank, a move long considered inconceivable, as the firm wraps up years of work to address regulators’ criticisms.
Senior leaders of the New York-based firm have held preliminary discussions in recent months about trying to acquire a major US regional lender to dramatically ramp up deposits — a move that could provide more fuel for the Wal...
While acquiring a regional bank could provide Citigroup with branches across the country, potentially transforming it to resemble JPMorgan Chase & Co. and Bank of America Corp., such a move would face scrutiny due to Citigroup's historic role in the 2008 financial crisis. The company has also expressed interest in buying a brokerage like Stifel Financial Corp. or Raymond James Financial Inc. to gain access to wealthy Americans and their deposits.
Patterns detected: ARC-0043 Motte-and-Bailey, ARC...