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Home>Citibank Sells Japan Retail Unit to Sumitomo Mitsui -- Update

Citibank Sells Japan Retail Unit to Sumitomo Mitsui -- Update

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Thu, 25 Dec 2014

By Atsuko Fukase TOKYO--When Japanese regulators accused the local retail unit of Citigroup Inc. of improper lending practices in 2004 and ordered its private banking operations shut down, Charles Prince, then Citi's chief executive, bowed deeply before reporters and pledged to overhaul the bank's
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