This story was originally published on Banking Dive. To receive daily news and insights, subscribe to our free daily Banking Dive newsletter. Citi will take a roughly $1.2 billion pre-tax loss in 2025’s fourth quarter connected to the sale of its remaining operations in Russia, the bank disclosed last week. The loss on the sale to Russian investment bank Renaissance Capital amounts to $1.6 billion, Citi said in a filing Dec. 29. But that total will be offset by $200 million in expected proceeds from the t ...