Citibank selling consumer banking in South America's three largest economies

Monday, February 22nd 2016 - 08:35 UTC

Full article 2 comments

Citibank is planning to sell the consumer banking operations it has run for a century in Argentina, Brazil and Colombia as South America’s three biggest economies suffer a major downturn. The New York-based bank said in a statement that its decision was prompted by a desire to allocate resources where it can generate the best returns. Read full article

Comments

Disclaimer & comment rules

T_Paine
I seem to remember someone saying this was going to happen...long ago.

I also seem to remember some Rg idiot arguing that it never would...
Feb 22nd, 2016 - 12:17 pm - Link - Report abuse 0
-+
CapiTrollism_is_back!!
NorthAmoan banks became inconsequential in the global market place after 2008. Really a case of a mouse grinning his teeth from inside the head of a dead lion.
Feb 27th, 2016 - 11:25 am - Link - Report abuse 0
-+

Commenting for this story is now closed.
If you have a Facebook account, become a fan and comment on our Facebook Page!