- Unloading more Citi Holdings assets, Citigroup (NYSE:C) sells its Greek retail operation to Alpha Bank (OTCPK:ALBKY) for a reported €2M. The sale includes about $600M of GAAP assets, 480K customers, $1.4B in deposits, and $540M in loans.
- Citi says the sale is part of a plan to expand its focus on corporate and shipping clients in the country.
- Source: Press Release