The 11 world markets CITI is leaving

The affected businesses include the consumer franchises in Costa Rica, Czech Republic, Egypt, El Salvador, Guam, Guatemala, Hungary, Japan, Nicaragua, Panama and Peru, as well as the consumer finance business in Korea. Active sales processes are underway for the majority of the businesses, and subject to market conditions and regulatory and other approvals, the strategic actions are currently expected to be substantially completed by year-end 2015. The businesses will be reported as part of Citi Holdings as of the first quarter 2015 to provide greater transparency with respect to the performance of the ongoing operations reported in GCB. Citigroup's Institutional Clients Group (ICG) will continue to serve clients in these markets.

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Read more: http://www.businessinsider.com/citi-is-bowing-out-of-11-markets-around-then-world-2014-10#ixzz3GZrPWObS

I thought it interesting that CITI is including these assets into a group that it considers toxic assets that it has been trying to get rid off since the Great Recession.

The one market they didn't talk about leaving is China which I also found interesting because of the real estate collapse presently going on there.

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