Citigroup Sells Brazil, Argentina Units After 100-Year PresenceBy , , and
Itau pays $220 million for retail-banking business in Brazil
Citigroup to still maintain some operations in both countries
Citigroup Inc. announced sales of its retail-banking businesses in Brazil and Argentina over the weekend, paring its century-old presence in South America’s two biggest economies to help simplify its vast global operations.
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