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Citi To Sell AO Citibank, Take $1.2 Billion Loss In Russia Exit

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Citigroup Inc. (NYSE:C) said Monday its board has approved a plan to sell AO Citibank, marking the final step in exiting the bank’s remaining operations in Russia. AO Citibank is currently reported within Citi’s Services, Markets, Banking, and All Other—Legacy Franchises segments. Beginning in the…

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