Citigroup Aims to Double Commercial Banking Revenue by Targeting Small Businesses

Citigroup is reportedly looking to increase its revenue by adding smaller clients.Traditionally known for serving only the largest clients, the bank has expanded its focus to include small- to medium-sized businesses (SMBs) with annual revenues between $10 million and$3 billion, the Financial Times (FT) reported Wednesday (Aug. 28).Citigroup is targeting SMBs around the world, according to the report. Over the past two years, it has added commercial lending units dedicated to SMBs in Canada, France, German ...