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Citigroup's second-quarter profit got a modest boost from Citi Holdings, a unit set up six years ago as a dumping ground for toxic assets. After losing billions for years, Citi Holdings has now become a minor profit source for its parent.
July 16 -
Citigroup has agreed to sell its retail and commercial banking businesses in Panama and Costa Rica to Canada's Scotiabank.
July 14 -
Citigroup faced many of the same earnings headwinds as other large banks lower revenue and lending but still surprised observers with a strong first quarter Thursday. Its North American consumer business was a big reason why.
April 16
Citigroup has agreed to sell its consumer banking business in Hungary to Erste Group Bank of Austria.
Financial terms
The group, which is part of
Erste Group will combine the business with its bank operations in Hungary, Erste Befektetési.
Citi will maintain operations in Hungary to serve corporate clients, public sector clients and financial institutions. It will also continue to serve multinational clients with operations in Hungary.
