Citi initiates talks to sell credit card, wealth management businesses in India

Citi initiates talks to sell credit card, wealth management businesses in India

FILE PHOTO: Reflections are seen on the glass facade of a Citibank branch in Beijing, China, April 18, 2016. REUTERS/Kim Kyung-Hoon

Citigroup has launched discussions to sell its credit card and wealth management divisions, two people aware of the negotiations said on Friday, a day after the group announced plans to exit its retail banking business in India as part of a global restructuring exercise.

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