Deals
Citigroup Said to Consider Sale of Japan Consumer Bank
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Citigroup Inc., the firm that earns the most international revenue of any U.S. lender, is considering selling its consumer-banking business in Japan, two people with knowledge of the matter said.
The company has begun approaching Japanese firms including the three largest lenders, trust banks and regional lenders to gauge their interest, one of the people said, asking not to be named as the matter is confidential. New York-based Citigroup could start a bidding process next month, the people said.