Friday, May 17, 2013

Latest News : Citigroup

Citigroup (C +2.5% to $51.34): Citi Brazil announced the definitive agreement with Banco Itaú Unibanco to sell Credicard, its non-banking credit card and consumer finance business, subject to approval by Brazilian regulatory authorities. The deal is expected to generate a gain on the sale of appx $300M after-tax.

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