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Citi Preps For Corporate Banking Uptick

“While business with its corporate clients slowed down at the start of the year, Citigroup said it is preparing for its corporate banking operations to pick up as the year moves forward” reports pymnts.com. According to Mason, there is a “disconnect” between economic data and concerns about an economic downturn, and the strong performance of the bank’s corporate customers across the globe. Last month Citi announced a partnership with corporate treasury and cash management solution provider Kyriba, which will connect its business customers to faster payment capabilities provided by Citi.While corporate outlook remains relatively strong, research from Atradius found global corporate insolvency rates among advanced economies rose for the first time in nearly a decade.
 
Source: pymnts.com



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