CitiBank – Summaries of news and views OnVenezuela https://onvenezuela.com Tue, 13 Jul 2021 13:56:00 +0000 en-US hourly 1 https://wordpress.org/?v=6.5.5 https://onvenezuela.com/wp-content/uploads/2020/01/cropped-Screen-Shot-2019-12-20-at-12.31.03-PM-1-32x32.png CitiBank – Summaries of news and views OnVenezuela https://onvenezuela.com 32 32 Citigroup to Exit Venezuela With Agreement to Sell Unit to BNC https://onvenezuela.com/citigroup-to-exit-venezuela-with-agreement-to-sell-unit-to-bnc/?utm_source=rss&utm_medium=rss&utm_campaign=citigroup-to-exit-venezuela-with-agreement-to-sell-unit-to-bnc Tue, 13 Jul 2021 13:55:52 +0000 https://onvenezuela.com/?p=10230

Citigroup Inc. plans to exit Venezuela by selling its remaining business there, ending more than a century of operating in the South American country. The New York-based firm agreed to sell the unit to Banco Nacional de Credito, has already obtained regulatory approval and expects to complete the deal in coming weeks, the companies said Monday in a statement. By Jennifer Surane. Full Text -> Bloomberg

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