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Citigroup Plans to Close Most London Outlets

Bloomberg business news

Dublin Is Best Spot for EU Banks After Brexit, Study Says

Citigroup Inc. plans to close three of its four London branches as the company seeks to cut costs and focus on digital services.

The U.S. bank has written to clients about plans to shutter outlets in the City of London, Mayfair and Canary Wharf districts in the next two months, correspondence seen by Bloomberg News shows. The lender will continue to operate the Citigold and Citigold Private Client Center at its European headquarters in Canary Wharf.