Citigroup Plans Argentina, Brazil Retail-Banking Exit

  • Bank has had presence in two nations for more than a century
  • Argentina was Citigroup's first-ever branch outside the U.S.

Why Citi Wants Out of Brazil, Argentina Retail Banks

Citigroup Inc. plans to exit retail banking in Argentina and Brazil, where the company has maintained operations for more than 100 years, a person familiar with the matter said.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.