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Citigroup Overhauls Wealth Management Businesses

Citigroup is putting its wealth management offerings together into one business unit called Citi Global Wealth.

The unit will bring together Citi’s private bank, which serves ultrahigh-net-worth investors, and wealth management offerings at its consumer bank that are aimed at more-modest investors. (The lowest level of those offerings requires a minimum of $50,000 in balances across Citi.)