Citibank Germany: For the Chop?
Market Movers (Free subscription) | 09/05/2008
Apparently Citigroup is considering selling off as much as $400 billion in "non-core assets", including its retail banking operations in Germany. Is Citibank Germany really non-core? It would seem so. I bank with Citi in the US, and on Wednesday I used my ATM card to withdraw some euros from the Citibank on Friedrichstrasse in Berlin. The transaction has now appeared on my online banking statement....
