NH1 News Debates


Oct 14, 2014 9:18 AM

Citigroup to exit 11 markets in restructuring

The Associated Press

NEW YORK (AP) Citigroup is announcing it will exit its retail banking business in 11 markets as part of its ongoing effort to restructure and slim down since the financial crisis.

Citi said Tuesday that the markets impacted would primarily be in Latin America, as well as Egypt, Japan and parts of Eastern Europe. The bank said sales of the businesses are underway in the majority of the markets affected. It expects the sales to be substantially complete by the end of 2015.

By the time the sales are wrapped up, Citi will offer consumer banking in 24 markets.


--  Dealing with the Disease of Addiction? Click here for help --

More from NH1.com

NH1 News Debates
NH1 News Replay

NH1 on Twitter

NH1 SkyView Cameras

NH1 on Facebook

Check out NH1 News Rail Polls on LockerDome on LockerDome