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Citi Proposes Revamp of UK Retail Banking, Canary Wharf Branch

Citigroup in the Canary Wharf district in London. 

Citigroup in the Canary Wharf district in London. 

Photographer: Dan Kitwood/Getty Images

Citigroup Inc. wants to focus its UK retail-banking operation on its wealthiest customers as the Wall Street giant revamps its overseas presence. 

The company will invite UK customers that meet the profile of its private bank to make use of those services as it winds down the operation, according to a statement about the proposal Wednesday. The majority of clients wouldn’t be affected until next year, the New York-based company said in the statement.