Citigroup to cease operations in Haiti after 50 years

Citigroup will wind down its operations in Haiti due to weak demand from institutional clients and lower international banking activity, ending its presence of more than five decades in the country.

The exit is part of a strategic review and will not have a significant economic impact on Citi, the bank said Monday.

Citi, one of the largest banks in the United States, has left noncore markets since CEO Jane