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Citigroup's Distressed-Debt Closure
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Citigroup plans to shut down its global distressed-debt business as part of CEO Jane Fraser's overhaul, aiming to enhance the bank's performance and align with the broader Project Bora Bora initiative.
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How does the distressed-debt closure reflect Citigroup's strategic direction under CEO Jane Fraser?
How might the closure of Citigroup's distressed-debt business impact the global distressed-debt market?
What potential implications could this closure have for investors and the broader financial industry?
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