Citigroup stock slides on Russia-exit charge as Fed minutes loom
Citigroup shares fell about 1% to $116.95 after the bank said it expects a $1.2 billion pretax loss from the planned sale of its Russian unit to Renaissance Capital. Citi aims to close the deal in the first half of 2026, pending approvals. The loss will be booked in the fourth quarter. Investors await Fed minutes and Citi’s Jan. 14 earnings for more details.