15 Oct '14, 6am

[Deal] CitiGroup Exits Consumer Banking in 11 Markets, Seeks to Simply Company: Citigroup has just announced

[Deal] CitiGroup Exits Consumer Banking in 11 Markets, Seeks to Simply Company: Citigroup has just announced

Citigroup has just announced today that they will be exiting retail banking in several countries: Costa Rica, El Salvador, Guatemala, Nicaragua, Panama, Peru, Japan, Guam, the Czech Republic, Egypt and Hungary, and consumer-finance business in Korea. The move quoted by Citigroup’s CEO is to simplify the company and allocate resources to where they can generate the best returns.

Full article: http://www.greatdeals.com.sg/2014/10/15/citigroup-exits-c...

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