The thinking comes weeks after the bank announced Paco Ybarra, its Institutional Clients Group chief, is leaving. Wells Fargo in 2020 similarly broke up its wholesale and consumer units. If an ICG ...

The 36-year veteran will leave in the first half of next year, CEO Jane Fraser wrote in a memo Thursday. Ybarra’s upcoming departure marks the latest piece of an executive shuffle Citi has seen so far ...