Yesterday at the Goldman Sachs conference, Citigroup Inc (NYSE: C) Chief Financial Officer Mark Mason reportedly disclosed the bank's largest reorganization in decades will cost about $1 billion for charges related to restructuring and severance.
Citigroup Inc (NYSE: C) is reportedly poised to venture into direct lending, aiming to debut this new strategy by early January, reflecting a broader trend among banks seeking to tap into the burgeoning $1.6 trillion private credit market.