Citigroup to exit retail banking in 11 markets

Published October 14, 2014 7:00pm ET



NEW YORK (AP) — Citigroup customers across Central America and parts of Eastern Europe will be looking for a new place to bank next year.

Citigroup said Tuesday that it will bow out of the retail banking business in 11 markets, part of its ongoing effort since the financial crisis to restructure and slim down. The news came as the bank announced third-quarter earnings.

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