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Citigroup considering divestiture of some foreign consumer units - Bloomberg

Citigroup Inc is considering divesting some international consumer units, Bloomberg Law reported, citing people familiar with the matter.

Bloomberg reports that Citi is studying options for slimming down the firm’s sprawling international consumer operations as part of incoming Chief Executive Officer Jane Fraser’s efforts to simplify the bank.

The move, part of incoming Chief Executive Officer Jane Fraser’s attempt to simplify the bank, can see units in South Korea, Thailand, the Philippines and Australia being divested, the report added.

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